Great Invesmtent with Extra Large Block
Located in central Railton is this quaint cottage awaiting a new owner. Suitable for investors with an excellent tenant in place who looks after the house as if it is hers, it would also attract first home buyers. Three good size bedrooms, 2 with built-in robes, separate lounge with a wood heater and a large kitchen with a step down dining area looking out over the covered bbq area. The outside of the house needs some TLC. Positioned on a corner block there is a huge separately fenced paddock to run a couple of sheep or lamas or build another couple of units (STCA). Only a short and level walking distance from the main street.
The size of Railton is approximately 70.9 square kilometres. It has 5 parks covering nearly 30.2% of total area. The population of Railton in 2011 was 1,230 people. By 2016 the population was 1,010 showing a population decline of 17.9% in the area during that time. The predominant age group in Railton is 50-59 years. Households in Railton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Railton work in a labourer occupation. In 2011, 80.7% of the homes in Railton were owner-occupied compared with 79.7% in 2016.
Railton has 593 properties. Over the last 5 years, Houses in Railton have seen a 105.95% increase in median value. As at 31 October 2024:
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