3 Iodide StreetBroken Hill NSW 2880
Property Details for 3 Iodide St, Broken Hill
3 Iodide St, Broken Hill is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 451m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (May 2021)
Set on a corner allotment of approx 417 sqm the property comprises two bedrooms, open plan living area incl kitchen/ dine and lounge room. Bathroom incl shower and spa recess. A rear outdoor entertaining area is included along with a new 20x20 shed with dual roller doors and concrete floor. Council and water rates approx $2,100pa, the property requires further enhancement for rental purposes.
Terms: 10% Deposit, balance 42 days.
Agents Note:
2. All offers are to be in writing with the terms and conditions of the offer.
3. All properties will stay on the market and all offers will be presented to vendors right up until an exchange of contract.
4. The agent is obliged to submit all offers to a vendor even though there might be an offer and acceptance between buyer and seller. This is known as guzumping and it is legal in NSW.
5. It is the responsibility of the purchaser to efficiently exchange a contract of sale, otherwise guzumping can occur.
Gazumping
Gazumping occurs when you have a verbal agreement with an agent or seller to buy a property at an agreed price but the property is not sold to you in the end. This usually happens when the vendor (the person selling the property) has decided to sell the property to someone else, usually for a higher amount or better sale conditions. The agent is legally obliged to pass on to the vendor any further offers received for the property up until the exchange of contracts.
If you are gazumped, neither the agent nor the vendor is obliged to compensate you for any money you may have spent on legal advice, inspection reports, finance application costs or inquiries.
In NSW, a property sale is generally only binding on the vendor and buyer when contracts are exchanged between the two parties. Exchange occurs when the vendor signs their copy of the sale contract; the purchaser signs their copy, and the two parties exchange' their signed contracts. It is usual at this time for the purchaser to pay a deposit, usually 10% of the purchase price.
https://www.fairtrading.nsw.gov.au/housing-and-property/buying-and-selling-property/buying-a-property/gazumping
Property History for 3 Iodide St, Broken Hill, NSW 2880
- 23 Apr 2021Sold for $62,000
- 13 Nov 2020Listed for Sale UNDER CONTRACT
- 03 Feb 2011Sold for $65,000
Recent sales nearby
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0About Broken Hill 2880
The size of Broken Hill is approximately 13004.9 square kilometres. It has 43 parks covering nearly 2.2% of total area. The population of Broken Hill in 2016 was 17814 people. By 2021 the population was 17706 showing a population decline of 0.6% in the area during that time. The predominant age group in Broken Hill is 60-69 years. Households in Broken Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broken Hill work in a professional occupation.In 2021, 72.20% of the homes in Broken Hill were owner-occupied compared with 71.90% in 2016.
Broken Hill has 11,322 properties. Over the last 5 years, Houses in Broken Hill have seen a 117.98% increase in median value, while Units have seen a 53.21% increase. As at 28 February 2026:
- The median value for Houses in Broken Hill is $215,609 while the median value for Units is $165,895.
- Houses have a median rent of $360 while Units have a median rent of $240.
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