8 Verge Street, Kempsey, NSW 2440 | Property Value & History | OnTheHouse
OFF MARKET

8 Verge Street
Kempsey NSW 2440

Bedrooms: -
Bathrooms: 1
Car spaces: -
Land area: 674m2
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Property Details for 8 Verge St, Kempsey

Building Type
Commercial
Land Size
674m2
Local Government
Kempsey
Lot/Plan
5/DP1121396

Last Listing description (December 2016)

- 7 X BRICK STRATA UNITS IN THE MIDDLE OF KEMPSEY TOWNSHIP (NOT THE INDUSTRIAL AREA BUT IN THE CENTRAL CBD AREA).- VERY LOW MAINTENANCE BRICK.- 4 VERY LONG TERM TENANTS - ALL UNITS FULLY OCCUPIED FOR THE LAST 20YRS!- VERY LOW OUTGOINGS.- TOTAL RENTS RECEIVED: APPROXIMATELY $32,500- RATES: APPROXIMATELY $2,200.- 'THEY ARE BEING MANAGED BY AN AGENCY BUT YOU COULD SAVE ON THIS COST BECAUSE THE TENANTS ARE SO GOOD'.- HOWEVER, WITH MANAGEMENT FEES PAID THEY ARE RETURNING APPROXIMATELY 6.5% NET RETURN ON THE ASKING PRICE OF $400,000.'IT'S JUST A GREAT EASY INVESTMENT WITH A MARVELOUSLY STABLE OCCUPANCY'. CALL US ANY DAY, ANY TIME.

Property History for 8 Verge St, Kempsey, NSW 2440

A timeline of how this property has performed in the market
  • 23 Dec 2016
    Listed for Sale $400,000 + GST
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About Kempsey 2440

The size of Kempsey is approximately 7.8 square kilometres. There are 5 parks, covering nearly 3.6% of the total area. The population of Kempsey in 2016 was 474 people. By 2021 the population was 483 showing a population growth of 1.9% in the area during that time. The predominant age group in Kempsey is 50-59 years. Households in Kempsey are primarily single parents and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kempsey work in a community and personal service occupation.In 2021, 45.00% of the homes in Kempsey were owner-occupied compared with 43.50% in 2016.

Kempsey has 727 properties. Over the last 5 years, Houses in Kempsey have seen a 41.06% increase in median value, while Units have seen a 76.38% increase. As at 31 July 2026:

  • The median value for Houses in Kempsey is $457,379 while the median value for Units is $428,341.
  • Houses have a median rent of $320 while Units have a median rent of $290.
There are currently 6 properties listed for sale, and 1 property listed for rent in Kempsey on OnTheHouse. According to Cotality's data, 21 properties were sold in the past 12 months in Kempsey.

Suburb Insights for Kempsey 2440

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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.