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Sold on 06 Mar 2024 - Price Unavailable

40 Scott Street
Wolumla NSW 2550

Bedrooms: 6
Bathrooms: 2
Car spaces: -
Land area: 1012m2
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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.

Building Type
DuplexSemi-detached
Land Size
1012m2
Local Government
Bega Valley
Lot/Plan
2/1/DP3808

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.

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Property History for 40 Scott St, Wolumla, NSW 2550

A timeline of how this property has performed in the market
Last Sold
06 Mar 2024
Listed for Rent
$570/w
30 Aug 2024
  • 30 Aug 2024
    Listed for Rent $570 / week
  • 06 Mar 2024
    Sold for $650,000
  • 31 Jan 2024
    Listed for Sale $699,000
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About 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 49.58% increase in median value. As at 30 September 2024:

  • The median value for Houses in Wolumla is $694,161 while the median value for Units is $711,434.
There are currently 5 properties listed for sale, and no properties listed for rent in Wolumla on OnTheHouse. According to CoreLogic's data, 17 properties were sold in the past 12 months in Wolumla.

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Paul Griffin
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LJ Hooker Bega
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