OFF MARKET

53 Tozer Street
West Kempsey NSW 2440

Bedrooms: 13
Bathrooms: 12
Car spaces: -
Land area: 3163m2
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Last updated 11 Nov 2024
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Property Details for 53 Tozer St, West Kempsey

53 Tozer St, West Kempsey is a 13 bedroom, 12 bathroom House. The property has a land size of 3163m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Land Size
3163m2
Local Government
Kempsey
Lot/Plan
30/26A/DP759080

Last Listing description (January 2023)

Well located in popular West Kempsey within a gentle walk to main street shopping of West Kempsey is a great opportunity to invest in the unit complex formally known as "Judith Evil Complex" and now "Gateway Apartments".

On offer are 10x 1-Bedroom units and 1x 3-Bedroom unit. All single-level units with separate bedrooms including built-in robes, a well-equipped kitchen, combined dining/living areas, and separate bathroom and laundry. Parking is available on Tozer Street, however with the proximity to local shopping and on the bus route, a car is not necessary here.

All 10 of the 1-Bedroom units are currently tenanted ranging from $200 - $210 per week. However, as the current owners are a community organisation and offer disability and aged care services, rents have been kept low. We believe a fair market rent would be $270 - $290 per week with the 3-Bedroom unit able to achieve $320 - $350 per week. The increased demand for rental properties and low vacancy rates in the area offer an excellent investment for the astute investor.

Features include:
- Combined land area of 3,167.6sqm approx.
- Units feature, built-in robes, vertical blinds, good-sized living areas, separate bathroom, and laundry
- Fully fenced complex, 3-Bedroom unit having its own fenced yard
- Dual road access on Tozer Street and Hudsons Lane
- Within walking distance to West Kempsey Shopping approx. 500m

Combine all this with an easy-to-maintain yard and solid brick construction these units are an extremely rare opportunity and a great addition to your Superfund or investment portfolio and a wonderful chance to secure a rewarding long-term investment.

The property is being offered to the market by Expressions of Interest, closing Friday, 2 September 2022 at 2pm. Please contact us for a copy of the Information Memorandum and Expression of Interest Form.

DISCLAIMER: All information contained herein is gathered from sources we believe to be reliable. We cannot however guarantee its accuracy and interested parties should make and rely on their own enquiries.

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Property History for 53 Tozer St, West Kempsey, NSW 2440

A timeline of how this property has performed in the market
Last Sold
$1,675,000
11 Nov 2022
  • 24 Dec 2022
    Listed for Sale Not Disclosed
  • 11 Nov 2022
    Sold for $1,675,000
  • 05 Aug 2022
    Listed for Sale Contact Agent
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About West Kempsey 2440

The size of West Kempsey is approximately 8.6 square kilometres. It has 7 parks covering nearly 8.5% of total area. The population of West Kempsey in 2011 was 4,791 people. By 2016 the population was 4,932 showing a population growth of 2.9% in the area during that time. The predominant age group in West Kempsey is 0-9 years. Households in West Kempsey are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Kempsey work in a community and personal service occupation. In 2011, 57.4% of the homes in West Kempsey were owner-occupied compared with 55.4% in 2016.

West Kempsey has 2,470 properties. Over the last 5 years, Houses in West Kempsey have seen a 67.26% increase in median value, while Units have seen a 153.15% increase. As at 31 October 2024:

  • The median value for Houses in West Kempsey is $426,834 while the median value for Units is $468,780.
  • Houses have a median rent of $460 while Units have a median rent of $320.
There are currently 26 properties listed for sale, and 1 property listed for rent in West kempsey on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in West kempsey.

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