37 High StreetWaratah NSW 2298
Property Details for 37 High St, Waratah
37 High St, Waratah is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 524m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in February 2017.
Last Listing description (February 2017)
Located in the growth suburb of Waratah, rarely is there a better opportunity to enjoy a strong rental return, with excellent potential for future property development.
Positioned on a level 1034sqm, enjoying a 22m street frontage, there are lapsed DA plans available, showing a multi level unit development.
Currently, there are 4 dwellings on the two blocks, comprising 2 x 3 bedroom homes, and 2 x 2 homes at the rear of each block, returning a healthy $74,000 pa. Both of the 3 bedroom homes have been extensively renovated, the 2 bedroom properties are brand new. Perfect for the astute investor/developer looking to land bank, and re-develop in the future.
Property History for 37 High St, Waratah, NSW 2298
- 13 Feb 2017Sold for $1,300,000
- 06 Dec 2016Listed for Sale $1,200,000 to $1,400,000
- 05 Mar 2014Listed for Rent - Price not available
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About Waratah 2298
The size of Waratah is approximately 1.9 square kilometres. It has 5 parks covering nearly 10.1% of total area. The population of Waratah in 2011 was 4,759 people. By 2016 the population was 4,487 showing a population decline of 5.7% in the area during that time. The predominant age group in Waratah is 20-29 years. Households in Waratah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah work in a professional occupation. In 2011, 51.5% of the homes in Waratah were owner-occupied compared with 48.8% in 2016.
Waratah has 2,404 properties. Over the last 5 years, Houses in Waratah have seen a 66.46% increase in median value, while Units have seen a 44.78% increase. As at 31 October 2024:
- The median value for Houses in Waratah is $860,621 while the median value for Units is $603,408.
- Houses have a median rent of $605 while Units have a median rent of $515.
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