55-57 Neeld St, Wyalong is a 4 bedroom, 2 bathroom Unit and was built in 1900. The property has a land size of 2023m2 and floor size of 312m2. While the property is not currently for sale or for rent, it was last sold in August 2015.
These two properties to be sold are on two separate titles. The residential property is a 3 bedroom ex-transportable home. It has substantial fixed improvements to be outside such as an entertainment area. The current rental income is $140 per week. The 2 commercial buildings are adjacent to the residence. One has been converted into a studio apartment. The current rental income is $65 per week. The other is currently in use as a furniture storage area by the owner but could be rented separately. Also included in the sale is a large and secure open area.
This opportunity has presented itself to investors to purchase a high cashflow investment of 3 properties on 2 titles. The Vendor is prepared to offer vendor finance for 20% of the purchase price at $180,000 at bank interest rates + 1.5% for 1 year. Interest is payable on a monthly basis. The vendor financed principle is then repayable in full after 1 year. Rental demand in West Wyalong is high. The owner wants to release equity for another venture and is a reluctant seller of this cash cow !
Asking $180,000
Please contact the agent directly on:
Tony Galton
Branch Manager
Mobile: 0427 487 206
Landmark West Wyalong
242 Neeld Street
West Wyalong, NSW 2671
Office: 02 6972 2877
General Features:
- Property Type: House
- Bedrooms: 3
- Bathrooms: 1
The size of Wyalong is approximately 354.9 square kilometres. It has 7 parks covering nearly 1% of total area. The population of Wyalong in 2011 was 851 people. By 2016 the population was 659 showing a population decline of 22.6% in the area during that time. The predominant age group in Wyalong is 50-59 years. Households in Wyalong are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wyalong work in a trades occupation. In 2011, 73.2% of the homes in Wyalong were owner-occupied compared with 73.2% in 2016.
Wyalong has 518 properties. Over the last 5 years, Houses in Wyalong have seen a 62.77% increase in median value, while Units have seen a 38.34% increase. As at 31 October 2024:
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