Mudgee houses available for $500,000: HTW

Houses in Mudgee, NSW are available for $500,000, according to Herron Todd White’s latest July report.

The property investment firm says that rental returns for four bedroom homes can be between $400 to $450 per week.

“For $500,000 you could buy a 4-bedroom, 2-bathroom modern dwelling in south or west Mudgee on a 1,000 square metre block or a renovated federation style home in central Mudgee on a smaller lot.

“On a return basis you could potentially do better by buying two units which would be possible on a $500,000 budget (although don’t forget about the additional fees such as strata fees etc).

“You can expect a rental return of between $400 and $450 per week on the modern 4-bedroom home in south or west Mudgee, $450 to $485 on the renovated central Mudgee home or $500 to $550 on the two units.

“With new state government changes to first home buyer grants and an improved coal price this property bracket could exceed that lazy half million figure by the end of 2017. Fingers crossed!” the report stated.

A four bedroom house at 8 Hennessy Place, Mudgee (above) has been listed for $459,000.

Similarly a four bedroom house at 2 Bellevue Road, Mudgee (below) has been listed for $469,000.