166 Main St, Sheffield is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1953. The property has a land size of 1134m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in February 2019.
What a perfect opportunity to begin or add to a secure investment portfolio. This 4 bedroom weatherboard home circa 1953 has not only had the same reliable tenants for almost 10 years who wish to continue to stay on long term (they have recently signed a 24 month extension and would like one day to be able to purchase for themselves), it has the advantage of being set on a generous 1134 square metres which makes it suitable for development (STCA) of units should an owner wish to do so in the future. Set on a gentle slope with a north facing aspect it is an ideal entry level home investment.
The home under the current owners stewardship has in recent years had numerous upgrades to electrical, heating, regular maintenance including of weatherboards and painting, and the kitchen upgraded (July 2017). The back porch ceiling is being painted and porch entertainment area being re-roofed in readiness for market. The bathroom has separate bath and shower with walk through to a separate toilet. The laundry is a traditional annexe room at the side of the patio and courtyard.
The property also boasts a fully self contained 'Park Home' Cabin 8 metres by 3.3 metres currently used by the tenants as a granny flat as part of their tenancy (not to be sublet). The property is securely fenced, has a single garage and off road parking for at least three cars. Less than a kilometer from schools and services and the town centre of Sheffield this is a property that is ideally located, and represents a secure investment for the future.
The size of Sheffield is approximately 60.9 square kilometres. It has 5 parks covering nearly 11.1% of total area. The population of Sheffield in 2011 was 1,538 people. By 2016 the population was 1,566 showing a population growth of 1.8% in the area during that time. The predominant age group in Sheffield is 60-69 years. Households in Sheffield are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Sheffield work in a managers occupation. In 2011, 72.1% of the homes in Sheffield were owner-occupied compared with 71.6% in 2016.
Sheffield has 910 properties. Over the last 5 years, Houses in Sheffield have seen a 72.08% increase in median value, while Units have seen a 73.86% increase. As at 31 October 2024:
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