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1-4/38 Raye Street, Tolland, NSW 2650 For Sale
1-4/38 Raye Street, Tolland, NSW 2650 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Image 1-4/38 Raye Street, Tolland, NSW 2650-Floorplan

1-4/38 Raye Street, Tolland, NSW 2650

Expressions of Interest | $1,200,000 - $1,300,000

Block Of Units
Type
7
Bedrooms
4
Bathrooms
4
Parkings

Published on Friday, July 24, 2026 ( See property details for 1-4/38 Raye Street, Tolland, NSW 2650)

Expressions of Interest | $1,200,000 - $1,300,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile four-unit complex in a prime Wagga Wagga location offering strong rental returns and development potential.

🏡 Property Highlights

  • Four well-maintained units on a generous block in a sought-after Wagga Wagga locale
  • Currently tenanted with solid rental income of $320-$340 per week per unit
  • Potential for strata subdivision (STCA) for individual resale or continued investment
  • Modern, upgraded kitchens in all units for ongoing tenant appeal
  • In-progress electrical upgrades providing peace of mind and future-proofing
  • Excellent location close to amenities, parks, and schools

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Water tank
  • NBN / High-Speed Ready
  • Fully fenced
  • Garage / Secure Parking
  • Open-Plan Living
  • Built in wardrobes

Wagga Wagga is a vibrant regional city offering excellent amenities, quality schools, and parks, making it highly desirable for tenants and investors. The area boasts strong rental demand, ongoing growth prospects, and a welcoming community atmosphere. Conveniently located close to transport links and local services, it provides a superb lifestyle and investment environment.

What is the current rental yield for this property?
The property generates a solid rental income with each unit leasing for $320-$340 per week, providing a reliable cash flow for investors.
Are there any upcoming developments or planning restrictions in the area?
The property is located in a well-established area with no known upcoming developments; however, potential buyers should consult local council for detailed planning information.
What are the future upgrade or renovation possibilities?
The bathrooms are original but in tidy condition, offering scope for future upgrades to enhance value and tenant appeal.
Is the property suitable for strata subdivision?
Yes, the property sits on one title with potential for strata subdivision (STCA), allowing for individual resale or continued investment as a set.
What are the water and utility compliance statuses?
Water main compliance has already been achieved, and electrical upgrades are currently in progress for added peace of mind.
Are there any hidden costs associated with the electrical upgrades or other recent maintenance works? Has the property been inspected for any structural issues or defects, especially in the original bathrooms? Are there any zoning restrictions or easements that could affect future development or subdivision plans? What are the strata or body corporate arrangements, if applicable, and associated fees? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any planned nearby construction or infrastructure projects that could impact the property? What are the noise levels and neighbour relations like in this complex? Are there any restrictions on pet ownership or other tenant considerations? Is the property compliant with all local council regulations and building codes? What are the long-term maintenance costs expected for the units and common areas?

1-4/38 Raye Street, Tolland, NSW 2650 - More Details

Expressions of Interest | $1,200,000 - $1,300,000

38 Raye Street presents a rare opportunity to secure a high yielding residential asset in a sought after Wagga Wagga locale. Comprising four separate units on a generous block, this property is perfectly suited for astute investors and savvy developers seeking future growth and flexible strategies.

The complex offers three well maintained two bedroom, one bathroom units, plus a single bedroom, single bathroom residence. Each unit features a modern, newly upgraded kitchen, ensuring ongoing tenant appeal and minimal immediate outlay. All units are currently tenanted with leases ranging from $320-$340 per week, providing solid and consistent rental income from day one.

With a total of four off street parking spaces and water main compliance already achieved, the property also boasts in progress electrical upgrades for further peace of mind. While the bathrooms remain original, their tidy condition offers scope for future value adding improvements.

This block sits on one title with potential for strata subdivision (STCA), allowing purchasers to explore options for individual resale or continue as a set and forget investment. Recent maintenance ensures the property is easy to manage, with no significant works required beyond routine care.

This is an exceptional opportunity to add a quality asset to your portfolio in a high demand rental location, just moments from local amenities, parks, and schools.

Type
Block Of Units
Bedrooms
7
Bathrooms
4
Parkings
4

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