38-40 Church Street, Gloucester, NSW 2422 sold on 21 November 2025 | OnTheHouse
SOLD
Sold on 21 Nov 2025 for $675,000

38-40 Church Street
Gloucester NSW 2422

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
This property is currently on the market
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Property Details for 38-40 Church St, Gloucester

Building Type
Commercial
Local Government
Mid-Coast
Lot/Plan
1/DP830932

Last Listing description (May 2025)

Prime Dual-Purpose Investment in the Heart of Gloucester

Positioned in the busiest section of the main street of Gloucester, this exceptional commercial and residential property offers a solid investment opportunity in a prime location.
The ground floor features a professional office space, currently leased as one tenancy but designed to be easily divided into three separate suites if desired. A lockable walk-through area provides easy access for opening this space to other tenants in the future. It also includes a toilet and handbasin powder room.
Upstairs, two fully furnished 2-bedroom units provide comfortable living, each with their own private access from the front and rear of the building. The historic nature of the building means lovely high ceilings and character features. Unit 1 enjoys views to the iconic Bucketts Mountain Range which oversees Gloucester.

The property has regular income from two excellent tenants upstairs, but should you wish to in the future, you could revert the upstairs units into the original large 4bdm apartment.
The property boasts off-street parking for five vehicles, accessible via a council-maintained lane. With fresh paint, new flooring, renovated kitchens and bathrooms, an attractive historic brick faade, with lovely awning covering the street and the prominent front display windows, and signage, this building is in excellent condition and presents a strong street presence.
All 3 of the tenants are excellent and hold long term leases.
The residential leases are 12-month agreements, and the commercial space is occupied by a longstanding local business.
This property is a standout opportunity with a solid income, in an ever-growing tree change town which has a thriving main street business hub, an active business chamber and tourism centre.
Call Denise Haynes for financial and lease details and for a private inspection on 0414 725 482.

R & R Property make no representations to the accuracy of the information provided by our vendors. Interested parties should conduct their own due diligence in relation to each property they are considering purchasing. All photographs, maps and images are representative only, for marketing purposes.

Property History for 38-40 Church St, Gloucester, NSW 2422

A timeline of how this property has performed in the market
Last Sold
$675,000
21 Nov 2025
  • 10 Mar 2025
    Listed for Sale $690,000 to $750,000
  • 09 Feb 2025
    Listed for Sale PRICE ADJUSTMENT : $775,000 ONO
  • 02 Sep 2024
    Listed for Sale PRICE ADJUSTMENT : $775,000 ONO
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About Gloucester 2422

The size of Gloucester is approximately 58.3 square kilometres. There are 13 parks, covering nearly 1.3% of the total area. The population of Gloucester in 2016 was 2975 people. By 2021 the population was 3133 showing a population growth of 5.3% in the area during that time. The predominant age group in Gloucester is 60-69 years. Households in Gloucester are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gloucester work in a trades occupation.In 2021, 70.90% of the homes in Gloucester were owner-occupied compared with 66.90% in 2016.

Gloucester has 2,090 properties. Over the last 5 years, Houses in Gloucester have seen a 66.66% increase in median value, while Units have seen a 19.42% increase. As at 30 April 2026:

  • The median value for Houses in Gloucester is $583,883 while the median value for Units is $444,112.
  • Houses have a median rent of $500 while Units have a median rent of $290.
There are currently 49 properties listed for sale, and 6 properties listed for rent in Gloucester on OnTheHouse. According to Cotality's data, 121 properties were sold in the past 12 months in Gloucester.

Suburb Insights for Gloucester 2422

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.