175 High StreetWauchope NSW 2446
Property Details for 175 High St, Wauchope
175 High St, Wauchope is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1334m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (June 2023)
Nearly all the hard work has been done here. The property has an existing house which has been renovated and features 3 bedrooms, sunroom, single carport and an existing tenant in place. Additionally, the block features an approved DA for 3 generously sized separate Torrens Title villas, each with 2 bedrooms and an office and single garage. These 3 x DA approved villas have gone through the expensive process of receiving NDIS design certification as fully accessible Specialist Disability Accommodation (SDA).
At current published NDIS rates EACH villa has the potential to receive government backed rent payments of over $56,000 per year. There is a lot of scope for the right person here whether you build and seek high returns via the NDIS Specialist Disability Accommodation program or simply build the dwellings to sell down at the desired pace. This is a construction ready project with an approved DA, subdivision works cert and NDIS design certifications in place.
This is an opportunity to acquire an already income producing property with the time consuming/expensive approvals and certifications in place. The property is ready to develop for the capability of rental income far exceeding market rates.
Our vendor has had meaningful discussions with the SDA providers to tenant these villas and an agreement in principle has been reached to lease these new properties once constructed. Connection with the relevant person and organisations will be provided for the purchasers
A great opportunity to build needed accessible homes with the potential for market beating rental returns. For further details on proposed rental income, DA approved plans etc contact Tony or Greg
Rates - $2,700pa
Property History for 175 High St, Wauchope, NSW 2446
- 23 Mar 2023Sold for $750,000
- 19 Jan 2023Listed for Sale $750,000
- 05 Feb 2021Sold for $550,000
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0About Wauchope 2446
The size of Wauchope is approximately 17.8 square kilometres. It has 22 parks covering nearly 19.7% of total area. The population of Wauchope in 2011 was 5,952 people. By 2016 the population was 6,295 showing a population growth of 5.8% in the area during that time. The predominant age group in Wauchope is 0-9 years. Households in Wauchope are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wauchope work in a trades occupation. In 2011, 64.2% of the homes in Wauchope were owner-occupied compared with 63.5% in 2016.
Wauchope has 3,831 properties. Over the last 5 years, Houses in Wauchope have seen a 54.49% increase in median value, while Units have seen a 55.03% increase. As at 31 December 2024:
- The median value for Houses in Wauchope is $618,547 while the median value for Units is $506,694.
- Houses have a median rent of $550 while Units have a median rent of $483.
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