823 Miller StreetWest Albury NSW 2640
Property Details for 823 Miller St, West Albury
823 Miller St, West Albury is a 9 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 1216m2. While the property is not currently for sale or for rent, it was last sold in August 2020.
Last Listing description (August 2020)
Presenting a great opportunity for the astute investor to add to the portfolio, this block comprises 4 X 2-bedroom units and 1 X 1-bedroom unit. Currently returning $48,880 gross per annum (approx.), the block is fully let to great long-term tenants.
In maintained condition, the units have potential to add value through renovation or strata subdivision subject to council approval. Situated in a favourable position, the block is just minutes to Monument Hill, the Albury CBD, bike/walking paths and the Murray River. A quiet residential street with elevated views also adds appeal to potential future tenants.
Combined rent income $940 per week ($48,880 per annum)
Fully let to great long-term tenants
Situated within walking distance to amenities
Rates $3,416.92 (approx.) per annum
Water $850.95 (approx.) per annum + consumption
Unit one - One bedroom returning $190 per week
Unit two - two bedroom returning $190 per week
Unit three two bedroom returning $190 per week
Unit four two bedroom returning $190 per week
Unit five two bedroom returning $180 per week (future rent increase to $190 to take effect 26/4/2020)
Property History for 823 Miller St, West Albury, NSW 2640
- 03 Aug 2020Sold for $697,500
- 03 Aug 2020Sold
- 13 Feb 2020Listed for Sale Contact Agent
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About West Albury 2640
The size of West Albury is approximately 5.4 square kilometres. It has 9 parks covering nearly 10.1% of total area. The population of West Albury in 2011 was 3,949 people. By 2016 the population was 3,855 showing a population decline of 2.4% in the area during that time. The predominant age group in West Albury is 50-59 years. Households in West Albury are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Albury work in a professional occupation. In 2011, 65.5% of the homes in West Albury were owner-occupied compared with 64.3% in 2016.
West Albury has 2,073 properties. Over the last 5 years, Houses in West Albury have seen a 56.63% increase in median value, while Units have seen a 85.49% increase. As at 31 October 2024:
- The median value for Houses in West Albury is $728,022 while the median value for Units is $405,541.
- Houses have a median rent of $490 while Units have a median rent of $370.
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