14 York Street, Point Frederick, NSW 2250

  • 8
  • 4
  • 6

Sold

Sold for $1,475,000 (Nov 24, 2020)

SOLD by Raine & Horne

This block of 4 townhouses has been held by the current owners for 38 years, but the time has now come for a new owner. The property has had stable and consistent returns largely due to the properties central location, access to local transport at the doorstep and all just a short 50 meter stroll to Gosford waterfront, coffee shops, new parks and all the lifestyle that comes with the freshly rejuvenated Gosford foreshore

Combined all 4 townhouses lease for approx $1340/week with scope for further improvements in these returns as local rental shortages drive up rental prices. 3 of the 4 properties are in current leases that are soon to expire which would also allow the opportunity for higher returns in line with the local market increases. There is also the opportunity for small scale improvements like kitchens and bathrooms which will further increase appeal and rental yields.

These properties must be sold in 1 line and are NOT for individual purchase.

For specific information on the current leases, returns, pricing and inspection availability please get in touch with Cameron today on 0408 219 261

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Sales Consultant
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Personal Assistant to Cameron Clayton

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Property Info:
  • Property ID: L707122
  • Property Type: BlockOfUnits
  • Garages: 4
  • Open Parking: 2
  • Land Area: 701.0 sqm
We Know Your Area
R&H Suburb Profile: Point Frederick

R&H Suburb Summary Houses
Number of sales 20
Average Price $1,775,550
Median Price $1,530,000
Median Rental Price $570 p.w.
Change in Rental Rate (5yr) 4 %
R&H Suburb Summary Units
Number of sales 36
Average Price $628,179
Median Price $524,250
Median Rental Price $400 p.w.
Change in Rental Rate (5yr) 18 %
Point Frederick, NSW - Median Trend
$1,530,000