20/69 Gurwood StreetWagga Wagga NSW 2650
Property Details for 20/69 Gurwood St, Wagga Wagga
20/69 Gurwood St, Wagga Wagga is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 4273m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in February 2017.
Last Listing description (February 2017)
7.3% GROSS RETURN & 7% NET RETURN
This spacious 2 bedroom twin key (main BR and studio) apartment is located on level one with a balcony overlooking the pool area and a car park on title.
Recently repainted as part of our ongoing maintenance program, the features include a large open plan living/dining area, fully equipped kitchen, two spacious bedrooms with built-in robes, main bathroom with laundry facilities, separate kitchenette and ensuite in the studio.
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Current Rent: $604 per week ($31,418.85 per annum)
Next Rent Increase: 4% in December 2017
Increasing gross return:
Dec 2017: 7.59%
Dec 2018: 7.90%
Dec 2019: 8.21%
Approximate Owner Outgoings:
Council Rates: $1404 pa (2015 -2016)
Water Rates: $160 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $390 p/a
No vacancies, no management fees, no letting fees. The ideal hassle free income stream.
*photos are of an identical apartment
Property History for 20/69 Gurwood St, Wagga Wagga, NSW 2650
- 22 Feb 2017Sold for $430,000
- 03 Feb 2017Listed for Sale Not Disclosed
- 04 Oct 2013Sold for $399,000
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0About Wagga Wagga 2650
The size of Wagga Wagga is approximately 8.9 square kilometres. It has 13 parks covering nearly 21% of total area. The population of Wagga Wagga in 2011 was 6,961 people. By 2016 the population was 7,109 showing a population growth of 2.1% in the area during that time. The predominant age group in Wagga Wagga is 20-29 years. Households in Wagga Wagga are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wagga Wagga work in a professional occupation. In 2011, 47.8% of the homes in Wagga Wagga were owner-occupied compared with 45.5% in 2016.
Wagga Wagga has 6,034 properties. Over the last 5 years, Houses in Wagga Wagga have seen a 62.64% increase in median value, while Units have seen a 67.24% increase. As at 31 October 2024:
- The median value for Houses in Wagga Wagga is $571,944 while the median value for Units is $372,916.
- Houses have a median rent of $490 while Units have a median rent of $385.
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