38 Cameron StreetWauchope NSW 2446
Property Details for 38 Cameron St, Wauchope
Last Listing description (December 2017)
This appealing freestanding property enjoys high visibility and has a long term tenancy in place with a vibrant and successful restaurant business.
Over the current three-year tenancy period rent rises have been secured to reflect market rates and will ensure the property is yielding 7.3% or $28,600 p/a by Year 3. The tenant has indicated a strong desire for a long term arrangement and has invested considerably in improvements to the property.
The depth of the site and its proximity to a large seniors housing development may present a redevelopment opportunity over the longer term.
Investors looking for an alternative to residential property with the opportunity to achieve a greater yield at a reasonable entry price are encouraged to consider the stronger cashflow and development potential in this property.
Please contact the exclusive agent Nicholas Slater on 02 6585 2212 for more information.
Property Code: 243
Property History for 38 Cameron St, Wauchope, NSW 2446
- 17 Jun 2019Sold for $365,000
- 11 Dec 2017Sold for $402,400
- 11 Aug 2017Listed for Sale Not Disclosed
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About Wauchope 2446
The size of Wauchope is approximately 17.8 square kilometres. There are 22 parks, covering nearly 19.7% of the total area. The population of Wauchope in 2016 was 6312 people. By 2021 the population was 6589 showing a population growth of 4.4% in the area during that time. The predominant age group in Wauchope is 10-19 years. Households in Wauchope are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Wauchope work in a community and personal service occupation.In 2021, 64.10% of the homes in Wauchope were owner-occupied compared with 63.50% in 2016.
Wauchope has 3,917 properties. Over the last 5 years, Houses in Wauchope have seen a 34.94% increase in median value, while Units have seen a 34.09% increase. As at 31 July 2026:
- The median value for Houses in Wauchope is $689,803 while the median value for Units is $543,685.
- Houses have a median rent of $600 while Units have a median rent of $495.
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