SOLD
RECENT ADVICE
Sold on 10 Dec 2024 for $1,200,000

68 Carrington Street
West Wallsend NSW 2286

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 465m2
Land area: 1012m2
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Property Details for 68 Carrington St, West Wallsend

Building Type
Commercial
Floor Size
465m2
Land Size
1012m2

Last Listing description (December 2024)

Prime Investment Opportunity in the Heart of West Wallsend!

Discover the potential of 68 Carrington Street—an outstanding investment opportunity featuring a well-tenanted commercial property that promises consistent cash flow. This property showcases four separate leases, making it an ideal addition to your investment portfolio.

Property Features

- Four Separate Leases: All tenanted.
- providing immediate cash flow
- Diverse Options: Includes three shops and a two-bedroom flat
- Spacious Lot: Situated on a substantial 1012m²
- Total Building Size: Approximately 465m²

Financial Highlights:
Current Net Income: $69,000pa + GST + Outgoings
Budget Outgoings 24/25: Approx $31,260.00pa

Don't miss out on this outstanding opportunity to invest in a property with proven rental returns and potential for growth!

To schedule your inspection or for further details, please contact Jacob McFarlane at McFarlane Real Estate on (02) 49540399

From all of us at McFarlane Real Estate, we wish you every success in your search for your new property. If you would like more information on this listing or to discuss our wide range of available properties, please call or email us today!

Property History for 68 Carrington St, West Wallsend, NSW 2286

A timeline of how this property has performed in the market
Last Sold
$1,200,000
10 Dec 2024
Listed for Rent
$225/w
10 Aug 2015
  • 10 Dec 2024
    Sold for $1,200,000
  • 04 Sep 2024
    Listed for Sale Price on Request
  • 07 Aug 2023
    Sold
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About West Wallsend 2286

The size of West Wallsend is approximately 14 square kilometres. It has 8 parks covering nearly 18.4% of total area. The population of West Wallsend in 2011 was 1,714 people. By 2016 the population was 2,248 showing a population growth of 31.2% in the area during that time. The predominant age group in West Wallsend is 0-9 years. Households in West Wallsend are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in West Wallsend work in a trades occupation. In 2011, 78.4% of the homes in West Wallsend were owner-occupied compared with 74.7% in 2016.

West Wallsend has 1,215 properties. Over the last 5 years, Houses in West Wallsend have seen a 71.12% increase in median value, while Units have seen a 67.30% increase. As at 30 November 2024:

  • The median value for Houses in West Wallsend is $822,185 while the median value for Units is $516,044.
  • Houses have a median rent of $650.
There are currently 6 properties listed for sale, and 1 property listed for rent in West wallsend on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in West wallsend.

Suburb Insights for West Wallsend 2286

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Contact agent
Jacob McFarlane
Show contact details
McFarlane Real Estate - CARDIFF
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.