1 Elizabeth CrescentCobar NSW 2835
Property Details for 1 Elizabeth Cres, Cobar
1 Elizabeth Cres, Cobar is a 8 bedroom, 8 bathroom House. The property has a land size of 1113m2.
Last Listing description (April 2025)
For Sale: Exceptional Multi-Unit Property in Cobar - 1-8/63 Elizabeth Crescent**
**Price Guide: $699,000 - $750,000** All Units currently leased for approx. $220 to $240 per week giving this incredible investment opportunity with a terrific gross return of approx. 12%.
Discover an outstanding investment opportunity in the heart of Cobar with this remarkable multi-unit property, ideally situated at 63 Elizabeth Crescent. Spanning a generous land area of 1239 sqm, this unique residence offers a total of 8 spacious bedsitters, each unit is furnished and has its own ensuite bathroom and toilet, a communal laundry also offers a washing machine and dryer for your convenience.
**Property Features:**
8 Furnished Bedsitter units
Each Unit has its own bathroom, ensuring privacy and ease for all occupants.
Parking: 8 open parking spaces, providing ample room for vehicles.
Communal Laundry offering a washing machine and dryer.
Land size approx. 1239 m2
Rates Approx $4,483.53 p/a
Water Rates Approx $1850 p/a
Excellent Return on investment
No strata fees
Vacancy rate less than 1%
Approx Gross return 12%
Property History for 1 Elizabeth Cres, Cobar, NSW 2835
- 14 Oct 2024Listed for Sale Sale $699,000 - $750,000
- 11 Apr 2018Listed for Rent $160 / week
- 27 Mar 2018Listed for Rent - Price not available
Recent sales nearby
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0About Cobar 2835
The size of Cobar is approximately 2186.0 square kilometres. It has 16 parks covering nearly 0.4% of total area. The population of Cobar in 2016 was 3990 people. By 2021 the population was 3603 showing a population decline of 9.7% in the area during that time. The predominant age group in Cobar is 30-39 years. Households in Cobar are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cobar work in a trades occupation.In 2021, 60.90% of the homes in Cobar were owner-occupied compared with 55.70% in 2016.
Cobar has 2,563 properties. Over the last 5 years, Houses in Cobar have seen a 80.74% increase in median value, while Units have seen a 138.25% increase. As at 31 March 2026:
- The median value for Houses in Cobar is $269,243 while the median value for Units is $185,498.
- Houses have a median rent of $350 while Units have a median rent of $250.
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