Back 40 Spence Street
Off Market

40 Spence Street

Taree NSW 2430

5
2
2
556 m²
House
Last sold for $500,000
Stevie-Lee TaylorStevie-Lee Taylor, last sold this property on 15 February 2024 after 24 days on market.

Overview

Character Filled 1960's Home with Modern Granny Flat

R and R Property are humbled to present this charming 1960s-built home, boasting character-filled features such as high ceilings ornate cornice, original wooden floorboards and spacious bedrooms, making it a unique and inviting property. The three bedrooms in the main house provide ample space for comfortable living, the Main Bedroom having its own Air-Conditioner and ceiling fan for added comfort. The original kitchen is in a great position in the home and offers a fantastic canvas to update and reflect your style. In addition to this spacious 3 bedroom home, the property also includes a modern two-bedroom granny flat with updated appliances, that provides a fresh aesthetic adding both versatility and potential rental income, making it a lucrative prospect to investors. Alternatively, for those seeking a live-in renovation project, residing in the modern granny flat while refreshing and renovating the main home can offer a convenient and practical approach. Don't miss out on the chance to own this distinctive property that seamlessly combines the charm of the 1960s with the convenience of extra accommodation for family, guests or potential rental income. Whether you're an investor looking to capitalize on rental income or a homeowner eager to personalize and update, this property provides a versatile canvas for your vision. Act quickly to secure this opportunity in the real estate market with the Exclusive Agent Stevie-Lee Taylor - 0488064615 R & R Property make no representations to the accuracy of the information provided by our vendors. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.

Features

5 bedrooms
2 bathrooms
2 carspaces
1 open car space
1 garage space
556 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Taree over the last 12 months, the estimated median property value of 40 Spence Street is $720k.

Median value
$720k
Estimated value range
$585k - $855k
Median days on market
63
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Taree. 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 40 Spence Street

2024
Rented
Undisclosed
Leased on 18 Oct 2024 by Elders Taree & Manning Valley
2024
Sold
$500,000
15 Feb 2024 by Stevie-Lee Taylor, of Elders Real Estate R&R Property Group

Happy sellers in Taree

75%
75% of sellers in Taree reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 43 reviews in Taree over the last 12 months.

Local market activity for 5 bedroom houses in Taree

In the last 12 months, 7 five-bedroom houses similar to 40 Spence Street, have been sold.

This represents a 23% increase in five-bedroom houses sales when compared to the previous 12 months.

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