7 Snell St, Newman is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 687m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
To be a great investment property the property has to be desirable to tenants.
This home has desirability in spades. Located in Snell Street Newman its positioned only meters to Newman's business and shopping precinct and only minutes' walk to Newman's Primary and High schools. The old real estate adage certainly applies to this property, position, position, position!
As with all mining towns security for toys is as always a premium with potential tenants, the huge shed certainly ticks this box. For these reasons a national corporate tenant has just signed another 12 month lease on this property for a whopping $700/week, making this property the perfect home to add to your portfolio.
The size of Newman is approximately 27,986.7 square kilometres. It has 13 parks. The population of Newman in 2011 was 9,086 people. By 2016 the population was 7,242 showing a population decline of 20.3% in the area during that time. The predominant age group in Newman is 30-39 years. Households in Newman are primarily couples with children and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Newman work in a machinery operators and drivers occupation. In 2011, 18.6% of the homes in Newman were owner-occupied compared with 8.6% in 2016.
Newman has 2,880 properties. Over the last 5 years, Houses in Newman have seen a 91.94% increase in median value, while Units have seen a 106.85% increase. As at 31 October 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.