R&H
  • Home
  • Sold
  • 1-4/38 Raye Street, TOLLAND, NSW 2650

1-4/38 Raye Street, Tolland, NSW 2650

  • 7 Bed
  • 4 Bath
  • 4garages

Sold

Sold for $871,000 on May 21, 2025

Brilliant Investment - Four Units

A fantastic four-tier investment option with loads of upside. Consisting of three two-bedroom properties & a one bedroom property with solid returns and historically low vacancy.

All Units - 1,2,3,4, include:

• Kitchen with electric oven & cooktop with generous bench & cupboard space

• built-in robes to bedrooms

• updated reverse cycle air-conditioner

• Main bathroom with shower, toilet, and vanity

• Open plan living

• Onsite parking

• 2 shared laundries

Unit 1 - Original condition with some updates

Unit 2 - Original condition with some updates

Unit 3 - Mainly original condition with fresh paintwork

Unit 4 - Renovated kitchen, fresh paintwork and flooring

Rental Returns:

Unit 1 - $320 per week (2 bedroom)

Unit 2 - $300 per week (2 bedroom)

Unit 3 - $320 per week (2 Bedroom)

Unit 4 - $300 per week (1 Bedroom)

Yearly income of $64,480

Rates - $5,228.94p.a

Water - $1,103.72 for 2024 (the landlord pays for all water)

Land - 777.80 sqm

Currently on one title, NO strata.

Moments to Tolland shops, bus route and local schooling.

Expenses can be provided upon request.

Share
avatar Grant Harris
Grant Harris
Director/Licensed Real Estate Agent
avatar Claire Zollinger
Claire Zollinger
Director/Licensed Real Estate Agent

Got a property to sell? Contact us for a free Request Appraisal

Property Info:
  • Property ID: L16499573
  • Property Type:Block of Units
  • Open Parking:4
  • Land Area:778 sqm
Need help with your finance?

Our Broker is always on your side, and we are proud to be helping Australians obtain finance that best suits their circumstances and allows them to realise their property dreams. Your broker will work on your behalf, not the banks, to ensure that you get the most competitive rate within a product best suited to your needs and we do it fast and for free.

avatar
Craig Betalli

Mortgage Broker

Provided By
R&H
We Know Your Area
R&H Suburb Profile: Tolland
R&H Suburb SummaryHouses
Number of sales64
Average Price$531,468
Median Price$494,000
Median Rental Price$450 p.w.
Change in Rental Rate (5yr)61 %
R&H Suburb SummaryUnits
Number of sales6
Average Price$226,667
Median Price$236,000
Median Rental Price$320 p.w.
Change in Rental Rate (5yr)68 %
Median Trend - $494,000
Recently Listed
Recently Sold
Sold
Sold for $485,888
11 Marama Parade, Mount Austin, NSW 2650
  • 3
    Bed
  • 1
    Bath
  • 2
    Car Spaces
Sold
Sold for $605,500
66 Undurra Drive, Glenfield Park, NSW 2650
  • 3
    Bed
  • 1
    Bath
  • 2
    Car Spaces
Sold
Sold for $475,000
5 Huthwaite Street, Mount Austin, NSW 2650
  • 3
    Bed
  • 1
    Bath
  • 2
    Car Spaces
Sold
Sold for $635,555
5 Beech Street, Forest Hill, NSW 2651
  • 4
    Bed
  • 2
    Bath
  • 2
    Car Spaces
Sold
Sold for $865,000
8 Lyndoch Place, Bourkelands, NSW 2650
  • 4
    Bed
  • 2
    Bath
  • 2
    Car Spaces
Sold
Sold for $485,888
11 Marama Parade, Mount Austin, NSW 2650
  • 3
    Bed
  • 1
    Bath
  • 2
    Car Spaces
Sold
Sold for $605,500
66 Undurra Drive, Glenfield Park, NSW 2650
  • 3
    Bed
  • 1
    Bath
  • 2
    Car Spaces
Sold
Sold for $475,000
5 Huthwaite Street, Mount Austin, NSW 2650
  • 3
    Bed
  • 1
    Bath
  • 2
    Car Spaces
Sold
Sold for $635,555
5 Beech Street, Forest Hill, NSW 2651
  • 4
    Bed
  • 2
    Bath
  • 2
    Car Spaces
Sold
Sold for $865,000
8 Lyndoch Place, Bourkelands, NSW 2650
  • 4
    Bed
  • 2
    Bath
  • 2
    Car Spaces
Raine & Horne Corporate Partners