245 Christo Rd, Waratah West is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1975. The property has a land size of 993m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
This is a rare opportunity to acquire four single level units on one title. They are cavity brick and tile construction. There are 3 x 2 Bedroom Units and 1 x 1 Bedroom Unit. All currently tenanted returning $1,295 per week. Four good tenants all of whom look after the property and pay their rent when due.
The Units have:
Open Plan Living Areas,
Building and Pest Reports available on request.
Water Rates approx. $3,200 Per annum.
Council Rates approx. $1,942 Per annum.
Rental Return of $1,295 per week.
This investment opportunity is located in a very convenient location, only minutes to Waratah shopping village, Mater Hospital, McDonald Jones Stadium and Transport is handy.
Ring or email anytime if you have any questions or would like a copy of the Building and Pest Report.
The size of Waratah West is approximately 1.7 square kilometres. It has 11 parks covering nearly 25.8% of total area. The population of Waratah West in 2011 was 2,676 people. By 2016 the population was 3,000 showing a population growth of 12.1% in the area during that time. The predominant age group in Waratah West is 20-29 years. Households in Waratah West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah West work in a professional occupation. In 2011, 60.4% of the homes in Waratah West were owner-occupied compared with 55.6% in 2016.
Waratah West has 1,319 properties. Over the last 5 years, Houses in Waratah West have seen a 71.26% increase in median value, while Units have seen a 43.29% increase. As at 31 October 2024:
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