Lot 214 Wattle Street, Kootingal NSW 2352

$529,900

  • 4
  • 2
  • 1
  • 759m²
  • Dual Key

Dual Key Property

2 Bed | 1 Bath | 1 Car Garage

+

2 Bed | 1 Bath 

Link >> Tamworth: A Regional Property Hotspot

Tamworth, often referred to as the “capital city” of the New England North West region of New South Wales, is a vibrant and dynamic city on the rise, offering a plethora of opportunities for investors and residents alike. Here’s a brief overview of why Tamworth is an appealing location for investment and economic prosperity:

Tamworth’s Economic Strength

  • Population: Tamworth is home to a growing population of 64,459 as of 2022.
    Gross Regional Product (GRP): The city boasts a substantial GRP of $3.69 billion, indicating its economic vitality.
  • Local Jobs: With over 31,000 local jobs, it provides ample employment opportunities.
  • Key Sectors: Tamworth’s economy is diversified, with significant contributions from manufacturing, agriculture, construction, and healthcare sectors.
  • Tamworth Global Gateway Park: This 246-hectare development project is set to be an “Economic Engine Room” for regional New South Wales.
    It features a Business Park, General Industrial zone, and Heavy Industrial zone, creating new business and investment prospects.
  • Intermodal Freight Facility: A purpose-built Intermodal Rail Freight Facility, operated by Qube Holdings, provides direct links to major ports, enhancing trade opportunities for regional businesses.
  • Tamworth Regional Tourism Precinct: Located at the southern entrance to the city, this precinct will provide a world-class visitor experience and strengthen Tamworth’s role as the primary regional centre.
  • Tamworth Aviation Precinct: The Tamworth Regional Council’s Aviation Precinct is one of the largest regional airports in Australia, offering opportunities in pilot training and aviation maintenance.
  • Economic Development Strategies: Tamworth has well-defined strategies like “Tamworth Tomorrow” and “Blueprint 100” to drive economic growth and regional prosperity.
  • Lifestyle and Culture: Tamworth is not only about economic opportunities but also offers a high quality of life with a diverse arts and culture scene, numerous recreational activities, and a burgeoning foodie culture.

In sum, Tamworth’s strategic location, robust economy, and commitment to development make it a compelling choice for investors and those seeking a vibrant regional lifestyle. The city’s growth initiatives, infrastructure, and diverse cultural experiences underscore its promise as a prime destination for investment and prosperity. Whether it’s business or lifestyle, Tamworth has much to offer, making it an exciting prospect for potential investors.

Overview

  • $631.66/m

  • 24.81%

  • 6.97%

  • 0.77%

The estimated cash flow is reflective of a 90% P&I loan with an interest rate of 5.5% over a 30 year term. (Rental income + First year tax depreciation) – (*Loan Repayments + Council Rates + Water rates + Body Corp./Strata when applicable) = Estimated cash flow position
Property breakdown
Home area111 m²
Build price$319,900
Land price$210,000
Title StatusMarch 2024
Contract typeSplit
Storeys1
Council Rates*$125/m
Water Rates*$38/m
Tax depreciation*$425.50/m
Rental Income*$3077/m
* these figures are an estimate only, based on current average rates and current relevant figures.

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