SaleCooma NSW 2630Other2 9/24 Mittagang Road
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Brendan Smith
+ 61 0438 447 201
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Kerrie Pollock
+ 61 0459 568 804
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Kerrie Pollock
+ 61 0459 568 804
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For sale

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2 9/24 Mittagang Road, Cooma, NSW, 2630, Australia

8Bedrooms
8Bathrooms
8Carspots
440 m²Floor size
8 m²Land size
Map of the surrounding area

Property Features

  • Pay TV
  • Ensuite
  • Courtyard
  • Alarm System
  • Built-in Robes
  • Remote Garage
  • Secure Parking
  • Split System Heating

About this Property

A rare, strategically positioned investment opportunity is now available with this block of eight renovated and furnished brick units.

Offering excellent rental returns secured by long-term leases, this is a set and forget passive income stream with potential for future capital growth.


The Units:

- 8 x 1 Bed, 1 Bath, 1 Vehicle solid brick units, ideal for long-term tenants

- Open plan kitchen, living & dining areas and for modern convenience

- All units feature built-in wardrobes and ensuite bathrooms

- 6 dedicated car spaces and 2 garages provide ample tenant parking

- High-quality flooring including timber, vinyl, carpet, and tile

- Tenants enjoy access to a shared yard and individual clotheslines

- Private internal laundries in 5 units, with a shared strata common laundry for the remaining 3

- Located in close proximity to the Snowy Hydro Project, ensuring strong rental demand



Rental Return:

Current net rental income of $115,000+ per annum

Potential to increase this to $121,000+ per annum by renovating the last original remaining unit (has been tenanted by the same tenant for 20 years)

This is a set-and-forget investment, offering stable returns in a growing market.


Why Invest in Cooma?

• Growth Trajectory: Cooma has experienced a steady rise in property values, with an average annual growth rate of 5.2% over the past five years. This upward trend is fuelled by ongoing infrastructure developments and an expanding local economy.

• Population Dynamics: The town’s population is on an upward trajectory. As Cooma attracts more residents seeking a balanced lifestyle with easy access to the Snowy Mountains, demand for quality rental properties is expected to increase.

Property Highlights:

• Prime Location: Situated only a stone’s throw away from the Snowy Hydro Scheme, these units are perfectly positioned to take advantage of the town’s growing appeal and influx of contract workers. The units are also near essential amenities, including shopping centres, educational institutions, and healthcare facilities.

Potential Investment Benefits:

• High Rental Demand: Cooma’s rental market has shown resilience and growth, with an average rental yield of approximately 4.8% (these units have a net return of +6%). The increasing population and limited new housing developments contribute to a strong demand for rental properties, ensuring steady occupancy rates.

• Low Vacancy Rates: Cooma has consistently demonstrated low vacancy rates, reflecting a healthy demand for rental accommodation. This stability is a key indicator of the town’s attractiveness to tenants and its potential for long-term investment success.

For further information or to arrange an inspection, contact Brendan on - 0438447201 today!


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Brendan Smith

Rise Real Estate
+ 61 0438 447 201
Avatar of K. Click to visit the profile.

Kerrie Pollock

Rise Real Estate
+ 61 0459 568 804
Avatar of K. Click to visit the profile.

Kerrie Pollock

Rise Real Estate
+ 61 0459 568 804
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More Details on 2 9/24 Mittagang Road, Cooma NSW

How many bedrooms and bathrooms does 2 9/24 Mittagang Road, Cooma have?

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2 9/24 Mittagang Road, Cooma is a 8 bedroom, 8 bathroom block_of_units.

Who is the agency that listed 2 9/24 Mittagang Road, Cooma?

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The agency who listed 2 9/24 Mittagang Road, Cooma is Rise Real Estate - you can contact the agents here.

How many car spots does 2 9/24 Mittagang Road, Cooma have?

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2 9/24 Mittagang Road, Cooma is a 8 car spot home.

How much is 2 9/24 Mittagang Road, Cooma?

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The price of 2 9/24 Mittagang Road, Cooma is Contact Agent - contact the agents to find out more.