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Overview
Located centrally in Wellington, this property offers a unique riverside lifestyle with a substantial 2,779sqm allotment backing onto the Macquarie River, providing a tranquil and scenic outlook.
The home, while in original condition, presents a valuable prospect for renovators or investors seeking to enhance capital value over time. The spacious block not only affords ample space for outdoor activities, gardens, or sheds (subject to council approval), but also caters well for families with children or pets seeking a safe and expansive environment.
- Three bedrooms, including a main bedroom with built-in wardrobe, offer comfortable accommodation.
- The three-way bathroom enhances convenience, supporting busy households.
- The kitchen is functional with electric upright stove and dishwasher, facilitating everyday meal preparation.
- Living comfort is supported by two reverse-cycle air conditioners, ensuring year-round climate control.
- A covered rear deck looks out over the large backyard, making it a pleasant spot for relaxation or entertaining.
The property's positioning in a quiet riverside street balances peacefulness with proximity to key local amenities such as schools, shops, medical facilities, and Wellington's town centre, enhancing lifestyle convenience.
For the investor, the home is currently leased to a long-term tenant paying $420 per week, with the lease secured until February 2027, providing an immediate and stable rental income stream.
This property stands out as a solid investment or first home offering substantial potential to capitalize on the generous land size, sought-after location, and tenancy security.
Local Market Insights
In Wellington, Quiet Listings observed 16 new houses entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $429,688. The property type mix of listed properties is predominantly Houses at 73%, followed by home for sales (23%), and land (5%). Ray White was the most active agency in this area, representing 75.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Wellington NSW 2820
Market Insights for Wellington NSW 2820
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