Back 23 Grey Gum Street
Off Market

23 Grey Gum Street

Medowie NSW 2318

4
2
0 sq.
614 m²
House
Last sold for $380,000
John BirrellJohn Birrell, last sold this property on 24 May 2016 after 70 days on market.

Overview

$530 A WEEK RETURN!!

If you are after an investment property leaning very closely to being positively geared then do not look past this package returning $530 per week in rent or yielding a massive 6.5% approx.!! Consisting of one 3 bedroom dwelling (near new lease) and the other a single bedroom unit with long term tenant. Opportunities like this are virtually non-existent!! Key features include: • Council approved dual occupancy with both dwellings on separate electricity meters & combined water meters • Water rates approx. $350 per quarter • Achieving a whopping $530 per week rent yield • The 3 bedroom dwelling is returning $330 per week & 1 bedroom unit $200 per week each with own access • The spacious 3 bedroom dwelling consists of combined lounge & dining areas, neat & tidy galley style kitchen with electric appliances, internal laundry with storage, updated main bathroom with corner spa, roller shutters to front of dwelling, small pergola area, single carport, and a spacious backyard for kids & pets. • Unit located to blocks rear offers combined lounge & dining area, neat & tidy kitchen with electric appliances, great size main bedroom with walk-in robe and ensuite, small courtyard area, external laundry, and plenty of off street parking. • All this situated on a 614 sqm block with close proximity to public transport, shops, and sporting amenities. Time to maximize the dollars of your investment! Call today to secure your own private viewing on 49818200.

Features

4 bedrooms
2 bathrooms
0 sq. floor area
614 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Medowie over the last 12 months, the estimated median property value of 23 Grey Gum Street is $1.1m.

Median value
$1.1m
Estimated value range
$710k - $2.2m
Median days on market
31
Estimated value trend
22%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Medowie. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 23 Grey Gum Street

2024
Rented
Undisclosed
Leased on 27 Aug 2024 by Leah Jay Newcastle
2024
Rented
Undisclosed
Leased on 21 Aug 2024 by Leah Jay Newcastle
2016
Sold
$380,000
24 May 2016 by John Birrell

Happy sellers in Medowie

86%
86% of sellers in Medowie reported that their sale price either exceeded or met their price expectations.

Medowie stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 41 reviews in Medowie over the last 12 months.

Local market activity for 4 bedroom houses in Medowie

In the last 12 months, 114 four-bedroom houses similar to 23 Grey Gum Street, have been sold.

This represents a 10% decrease in four-bedroom houses sales when compared to the previous 12 months.

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