Merivale Motel, 61 MERIVALE STREET Tumut NSW 2720
This property is Off Market
- Last sold 9/12/2024 for $1,500,000. The Average property price in this area is $436,698, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 183.73 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/21/2024 14 EBERLIN PL $90,000
- 10/21/2024 34 VYNER ST $210,000
- 10/21/2024 176 WYNYARD ST $970,000
- 10/10/2024 28 BOORAL AVE $100,000
- 10/8/2024 8 COOLAMINE CCT $800,000
About Tumut
With an average age of 44, households expect an average monthly mortgage payment of $1,279 or a weekly rent payment of $230. The average family earns a weekly income of $1,805 with a typical household size of 2.1 and a 97.63% employment rate.
In Tumut there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Tumut is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Tumut leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Tumut the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
General Points of Interest
RSL Memorial
Tumut Basketball Centre
Tumut Racecourse
Tumut Community Labyrinth for Peace
Jack Ryan Statue
Memorial Wall
Rotary Pioneer Park
Pioneer Park
Doomut River Walk
Riverglade Wetlands
Population
(Country of Birth not stated 6%)
Are people healthy?
There are a recorded 824 asthma sufferers and 292 people living with diabetes. In addition, 374 people have a heart/vascular condition and 688 people live with three or more chronic diseases.A good place to invest in property?
Tumut a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
16 / 100
31 / 100
Industry
05 / 100
22 / 100
Population
06 / 100
19 / 100
House Prices
36 / 100
60 / 100
Jobs
15 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsTumut PS Tumut HS
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St Joseph's Primary School
Adelong, NSW, 2729 Independent K-6
Property Story
Merivale Motel, 61 Merivale Street, Tumut, Nsw, 2720 is a residential property with bedrooms, bathrooms and Parking spaces. The estimated distance to the sea is 183.73km and at least 1.65KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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