1/36 Paterson StreetNumurkah VIC 3636
Property Details for 1/36 Paterson St, Numurkah
1/36 Paterson St, Numurkah is a 9 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 1028m2.
Last Listing description (September 2016)
Enquiry code for this property: 9906
4 x 2 bed plus 1 x 1 bed units in a convenient location located only minutes walk from town is this unique investment package for your consideration. Priced for a quick sale, the units comprise of 2 bedrooms with open plan living and kitchen meals areas. With solid construction and recently renovated, the property offers a return of $41,600 per annum, (almost 9%). With interest rates so low, a true cash flow positive property is possible from day one.
The best thing about this property - everything has been done! Rewired, (new circuit board and safety switches), plumbing replaced with PVC, new kitchens, bathrooms, laundries, wardrobes, new split system heating / cooling, new roof and gutters, internal and external painting, individually fenced rear yards, water system, new fences to north and west boundaries.
Rental vacancy rate in Numurkah sits around 2%, however current tenancy is stable.
Numurkah median rent for 2 bed unit = $180.
Comparable sale 195 Melville St 3 dated units sold Jan 2015 for $328K ($510/week) with 8.1% return.
Enquiry code for this property: 9906
Property History for 1/36 Paterson St, Numurkah, VIC 3636
- 29 Nov 2016Listed for Sale Not Disclosed
- 15 Jun 2016Listed for Rent $140 / week
- 26 Apr 2016Listed for Sale $435,000
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0About Numurkah 3636
The size of Numurkah is approximately 194.1 square kilometres. It has 8 parks covering nearly 0.4% of total area. The population of Numurkah in 2011 was 4,767 people. By 2016 the population was 4,481 showing a population decline of 6.0% in the area during that time. The predominant age group in Numurkah is 60-69 years. Households in Numurkah are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Numurkah work in a labourer occupation. In 2011, 71.2% of the homes in Numurkah were owner-occupied compared with 70.4% in 2016.
Numurkah has 2,869 properties. Over the last 5 years, Houses in Numurkah have seen a 38.26% increase in median value, while Units have seen a 44.97% increase. As at 31 October 2024:
- The median value for Houses in Numurkah is $328,382 while the median value for Units is $252,242.
- Houses have a median rent of $420 while Units have a median rent of $300.
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