40 Scott StreetWolumla NSW 2550
Property Details for 40 Scott St, Wolumla
40 Scott St, Wolumla is a 6 bedroom, 2 bathroom DuplexSemi-detached. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 6 bedroom DuplexSemi-detached sold in Wolumla in the last 12 months.
Last Listing description (March 2024)
Introducing a prime investment opportunity at 40 Scott Street, Wolumla. This property features two fully leased 3-bedroom townhouses on a single block, making it an ideal choice for savvy investors.
Each townhouse boasts an open-plan living design, providing a comfortable and spacious environment for tenants. The central location of 40 Scott Street offers real convenience, allowing residents to enjoy a village lifestyle while having easy access to essential amenities with a hotel, general store/post office and public school.
Situated in the heart of the Bega Valley, the regional centre of Bega is a mere 20 km away, offering a range of services and facilities. The coastal town of Merimbula, just 12 km from Wolumla, adds an extra layer of appeal, providing residents with the opportunity to experience the beauty of the nearby coastline.
Whilst currently returning $640 per week with long term tenants, scope for future rent increases make these town houses the perfect investment.
Don't miss the chance to secure this promising investment in a sought-after location. Contact us today for more information and to arrange a viewing of 40 Scott Street, Wolumla.
Property History for 40 Scott St, Wolumla, NSW 2550
- 30 Aug 2024Listed for Rent $570 / week
- 06 Mar 2024Sold for $650,000
- 31 Jan 2024Listed for Sale $699,000
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0About Wolumla 2550
The size of Wolumla is approximately 30.7 square kilometres. It has 3 parks covering nearly 0.1% of total area. The population of Wolumla in 2011 was 874 people. By 2016 the population was 693 showing a population decline of 20.7% in the area during that time. The predominant age group in Wolumla is 50-59 years. Households in Wolumla are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wolumla work in a trades occupation. In 2011, 81.6% of the homes in Wolumla were owner-occupied compared with 87.6% in 2016.
Wolumla has 380 properties. Over the last 5 years, Houses in Wolumla have seen a 37.94% increase in median value. As at 31 October 2024:
- The median value for Houses in Wolumla is $648,099 while the median value for Units is $577,221.
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