FOR SALE
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1-6/25-27 Niagara Street
Armidale NSW 2350

Bedrooms: 12
Bathrooms: 6
Car spaces: 6
Land area: 2100m2
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Low Maintenance, High Returns

This rare offering in Armidale's market presents a meticulously renovated set of six Torrens Title units, ideally located close to the University of New England (UNE).
Each unit features two bedrooms with built-in robes, an updated kitchen, a modern bathroom, and internal laundry facilities. The interiors have been tastefully updated with new carpet and vinyl plank flooring offering a contemporary living experience that enhances the property's appeal. Additional highlights include a garage, electric cooking, and gas heating.
A standout feature of this property is its stable, long-term tenants, providing a reliable stream of income. With a current gross income of approximately $104,520 per annum, this property offers solid financial security. Its history of low vacancy rates further emphasizes its desirability to tenants.
Well-maintained, this property features low-maintenance brick construction, a durable tile roof, and well-established gardens. Investors will appreciate the reduced operational costs, allowing for maximized profitability and return on investment. Whether you're looking to grow your portfolio or enter the investment market, this property offers both immediate rental returns and substantial potential for capital growth. With its simple yet robust construction and proven performance, these units represent a secure and profitable investment opportunity.
Contact Cayne Moar to book your inspection today on 0431 435 958
*All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*

Property Details for 1-6/25-27 Niagara St, Armidale

1-6/25-27 Niagara St, Armidale is a 12 bedroom, 6 bathroom House with 6 parking spaces. The property has a land size of 2100m2. The place is currently for sale with Ray White Armidale.

Building Type
House
Land Size
2100m2

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About Armidale 2350

The size of Armidale is approximately 268.8 square kilometres. It has 41 parks covering nearly 2.3% of total area. The population of Armidale in 2011 was 22,467 people. By 2016 the population was 23,355 showing a population growth of 4.0% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation. In 2011, 59.9% of the homes in Armidale were owner-occupied compared with 57.7% in 2016.

Armidale has 13,623 properties. Over the last 5 years, Houses in Armidale have seen a 52.43% increase in median value, while Units have seen a 49.83% increase. As at 30 November 2024:

  • The median value for Houses in Armidale is $465,171 while the median value for Units is $301,175.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 93 properties listed for sale, and 16 properties listed for rent in Armidale on OnTheHouse. According to CoreLogic's data, 593 properties were sold in the past 12 months in Armidale.

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Cayne Moar
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Ray White Armidale
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