4/29 Florence St, Taree is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1976. The property has a land size of 1012m2 and floor size of 31m2. While the property is not currently for sale or for rent, it was last sold in February 2017.
On offer is a fantastic opportunity to secure a portfolio of 4 bedsitter apartments in the central Florence St, Taree providing excellent cash flow.
An ideally located unit block just a short walk to the Taree CBD, 2 shopping centres, the Manning River and local hospital and medical centres. Across the road is a great public park and recreational oval.
These studio apartments currently return $660 pw with strong potential for capital growth and rental income.
The size of Taree is approximately 47.8 square kilometres. There are 44 parks, covering nearly 5.7% of the total area. The population of Taree in 2016 was 16197 people. By 2021 the population was 16715 showing a population growth of 3.2% in the area during that time. The predominant age group in Taree is 60-69 years. Households in Taree are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taree work in a community and personal service occupation.In 2021, 58.70% of the homes in Taree were owner-occupied compared with 58.50% in 2016.
Taree has 9,696 properties. Over the last 5 years, Houses in Taree have seen a 51.05% increase in median value, while Units have seen a 28.75% increase. As at 31 May 2026:
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