Marjay, 427 BABBINBOON ROAD Somerton NSW 2340
This property is Off Market
- Last sold 7/27/2018 for $700,000. The Average property price in this area is $787,203, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 214.68 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 3/22/2024 33 CLAREMONT PARK LANE $650,000
- 9/26/2023 13 ROKEBY ST $450,000
- 8/17/2023 48 SCOTLAND RD $300,000
- 8/14/2023 70 BROOKE ST $115,000
- 5/25/2023 74 BROOKE ST $590,000
About Tamworth Region
With an average age of 43, households expect an average monthly mortgage payment of $1,950 or a weekly rent payment of $285. The average family earns a weekly income of $1,897 with a typical household size of 2.5 and a 97.81% employment rate.
In Somerton 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 Somerton 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. A mix of professions and above average income earners in Somerton provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Somerton to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Somerton we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Somerton a better buying opportunity than it may have been in the past.
Public Transport
Warral
Population
(Country of Birth not stated 8%)
Are people healthy?
There are a recorded 2560 asthma sufferers and 1090 people living with diabetes. In addition, 1221 people have a heart/vascular condition and 2396 people live with three or more chronic diseases.A good place to invest in property?
Tamworth Region 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
17 / 100
31 / 100
Industry
18 / 100
22 / 100
Population
21 / 100
19 / 100
House Prices
47 / 100
60 / 100
Jobs
29 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsPeel HS Somerton PS
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Westdale Public School
Westdale, NSW, 2340 State K-6 -
McCarthy Catholic College
West Tamworth, NSW, 2340 Independent 7-12 -
Attunga Public School
Attunga, NSW, 2345 State K-6 -
Manilla Central School
Manilla, NSW, 2346 State K-12 -
Oxley Vale Public School
Tamworth, NSW, 2340 State K-6 -
Peel High School
Tamworth, NSW, 2340 State 7-12 -
St Michael's Catholic Primary School
Manilla, NSW, 2346 Independent K-6 -
Somerton Public School
Somerton, NSW, 2340 State K-6 -
Carroll Public School
Carroll, NSW, 2340 State K-6 -
Calrossy Anglican School
Tamworth, NSW, 2340 Independent K-12
Property Story
Marjay, 427 Babbinboon Road, Somerton, Nsw, 2340 is a residential property . The estimated distance to the sea is 214.68km and 0.02KM 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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