31 Waratah StreetWindang NSW 2528
Property Details for 31 Waratah St, Windang
31 Waratah St, Windang is a 8 bedroom, 4 bathroom Unit with 2 parking spaces. The property has a land size of 563m2. While the property is not currently for sale or for rent, it was last sold in July 2011.
Last Listing description (June 2024)
Here's the perfect opportunity for investors to secure a premium investment of a dying breed with the potential to add value. That is a 4 x 2 bedroom block of flats. They just do not make them anymore.
The complex has been well maintained and presents in good condition & each unit includes two bedrooms, living room bathroom, kitchen facilities, internal laundries, 2 carports on either side of the building and room to park at the front if needed. Single-level brick veneer and tile construction, built to last ensuring minimal maintenance and long-term reliability.
With a history of low vacancy rates, the majority are long-term tenants (in excess of 10 years), wanting to stay. However, it is perfect to renovate as one vacates to increase your rental return. There is no body corporate structure or associated expenses and the complex is currently achieving a gross annual return of approximately $69,160.00.
The suburb is popular for its fishing, prawning, boating and windsurfing. Making it a perfect place to live. Positioned between surfing beach and lake, whilst walking distance to shops and bowling club to the South or Port Kembla Golf Course to the North. Close to bus stops to City, Warrawong or Shellharbour Square. Only 20 minutes’ drive to Wollongong CBD and 7 minutes from Shellharbour. It truly is a perfect position. Contact agent for more information.
Current income: $69,160.00 pa
Council rate: $3,301.44 pa
Water rate: $3,596 pa
Land size: 563 m2
** Proof of ID will be required for entry at open homes.
Property History for 31 Waratah St, Windang, NSW 2528
- 16 May 2024Listed for Sale Expression Of Interest Closes 12th of Ju
- 18 Jul 2011Sold for $570,000
- 05 Jul 2011Listed for Rent - Price not available
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0About Windang 2528
The size of Windang is approximately 2.5 square kilometres. It has 10 parks covering nearly 42.1% of total area. The population of Windang in 2011 was 2,597 people. By 2016 the population was 2,643 showing a population growth of 1.8% in the area during that time. The predominant age group in Windang is 70-79 years. Households in Windang are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Windang work in a trades occupation. In 2011, 73.1% of the homes in Windang were owner-occupied compared with 74.1% in 2016.
Windang has 1,681 properties. Over the last 5 years, Houses in Windang have seen a 78.56% increase in median value, while Units have seen a 15.44% increase. As at 31 October 2024:
- The median value for Houses in Windang is $1,027,459 while the median value for Units is $574,398.
- Houses have a median rent of $673 while Units have a median rent of $465.
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