66 Ninth Ave, Railway Estate is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1920. The property has a land size of 405m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Investment Opportunity in Prime Location - Character Cottage in Railway Estate
Investment opportunity alert! This charming and character-filled cottage located in the desirable Railway Estate is the perfect addition to your portfolio. Nestled among a beautiful garden and on a serene street, this property is currently tenanted until April 2024 at $400 per week - yielding an annual return of 5.7%.
With three generous-sized bedrooms, two living areas, and a stunning renovated bathroom, this cottage offers plenty of room for everyone. The high ceilings and open living spaces, along with a large kitchen with stylish appointments, make this property a must-see. Enjoy the serenity of the tropical garden and fish pond from the large patio at the rear. The fully fenced yard also includes a chook pen, multi-purpose shed and single gate side access for ease.
This property offers the perfect balance of privacy and convenience. Located within walking and bike riding distance to local shops, restaurants, schools and the Castletown Shopping Centre. This property has been meticulously maintained to preserve its authentic charm and character. The double doors provide a light-filled entry, built-in day bed, extra storage space and access to the main bedroom and living areas. The family bathroom is recently renovated with a claw foot bathtub, separate shower, vanity and toilet.
Don't miss out on this rare offering. Schedule a viewing today and see the potential for yourself. This property won't last long!
The size of Railway Estate is approximately 4 square kilometres. It has 9 parks covering nearly 14.3% of total area. The population of Railway Estate in 2011 was 2,956 people. By 2016 the population was 2,846 showing a population decline of 3.7% in the area during that time. The predominant age group in Railway Estate is 20-29 years. Households in Railway Estate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Railway Estate work in a professional occupation. In 2011, 54.5% of the homes in Railway Estate were owner-occupied compared with 55% in 2016.
Railway Estate has 1,766 properties. Over the last 5 years, Houses in Railway Estate have seen a 71.55% increase in median value, while Units have seen a 84.53% increase. As at 31 October 2024:
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