FOR SALE
$595,000

8 Denison Street
Adaminaby NSW 2629

Bedrooms: 1
Bathrooms: 3
Car spaces: -
Land area: 164m2
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Two Investments, One Building

Located in the busy Alpine village of Adaminaby I have listed for Sale two investment opportunities in the one building. Zoned RU5 Village it allows for a range of uses, services, and facilities that are associated with a rural village while protecting and conserving the historical significance, character, and scenic quality of rural village settings.
The tenancy on each is $400 per week with new leases just signed which adds to a great return on investment.
Downstairs is currently a gym for a Snowy 2.0 contractor. It features two toilets, approx. 120m2 floor space and kitchenette.
Upstairs is a 1-bedroom apartment, tastefully decorated with a great indoor-outdoor area, renovated kitchen, and plenty of storage.
If you need to squeeze the kids in there is a small nook with room for bunk beds.
Adaminaby is located close to beautiful Lake Eucumbene for all summer enthusiasts and if winter is your thing, then brand-new Selwyn Snowfields are opening for the winter of 2023.
Add the Snowy 2.0 project to the equation and Adaminaby will be buzzing along for years to come.
If you would like to make time to view the property, give the office a call on 02 6452 6121 or call Craig at 0414865 922.

Property Details for 8 Denison St, Adaminaby

8 Denison St, Adaminaby is a 1 bedroom, 3 bathroom Apartment. The property has a land size of 164m2. The place is currently for sale with One Agency Craig Schofield.

Building Type
Apartment
Land Size
164m2

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About Adaminaby 2629

The size of Adaminaby is approximately 359.8 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Adaminaby in 2011 was 227 people. By 2016 the population was 293 showing a population growth of 29.1% in the area during that time. The predominant age group in Adaminaby is 60-69 years. Households in Adaminaby are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adaminaby work in a managers occupation. In 2011, 83.9% of the homes in Adaminaby were owner-occupied compared with 80.5% in 2016.

Adaminaby has 401 properties. Over the last 5 years, Houses in Adaminaby have seen a 126.39% increase in median value, while Units have seen a 116.14% increase. As at 31 August 2024:

  • The median value for Houses in Adaminaby is $474,619 while the median value for Units is $578,973.
  • Houses have a median rent of $490.
There are currently 13 properties listed for sale, and 2 properties listed for rent in Adaminaby on OnTheHouse. According to CoreLogic's data, 15 properties were sold in the past 12 months in Adaminaby.

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Craig Schofield
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Jodi Alexander
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One Agency Craig Schofield
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