FOR SALE
$1,950,000

1-7/190 - 192 Donnelly Street
Armidale NSW 2350

Bedrooms: 18
Bathrooms: 11
Car spaces: 7
Land area: 3347m2
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Turnkey Investment Opportunity

190 Donnelly Street presents a prime turnkey investment opportunity for investors seeking consistent returns and potential for further growth. This seven-unit strata-titled complex boasts a gross return of approximately $125,320 per annum, with ample room for increased yield and capital appreciation through strategic enhancements and potential development.
The property features a mix of three-bedroom, double-bathroom units and two-bedroom units, each offering modern amenities such as secure parking, private veranda's, internal laundry facilities, and high-speed NBN fibre connectivity. Constructed with durability in mind, the complex is built of double brick and tile, ensuring minimal maintenance and long-term reliability.
Several units have undergone renovations, including updated kitchens, bathrooms, flooring, and paint, reflecting a commitment to quality and modernisation. With a history of low vacancy rates, some long term tenants (in excess of 25 years) , the well-maintained dwellings demonstrate the appeal of the property to tenants, supported by engaged and invested current owners.
Strategically located midway between Armidale's town centre and the University of New England, 190 Donnelly Street offers convenience and accessibility, catering to both local residents and students. Whether you're an experienced investor seeking a stable income stream or looking to capitalise on the growth potential of Armidale's market, this property is an opportunity worth considering.
Contact Cayne Moar on 0431 435 958 for further information or to book your inspection today.
*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 1-7/190 - 192 Donnelly St, Armidale

1-7/190 - 192 Donnelly St, Armidale is a 18 bedroom, 11 bathroom BlockOfUnits with 7 parking spaces. The property has a land size of 3347m2. The place is currently for sale with Ray White Armidale.

Building Type
BlockOfUnits
Land Size
3347m2

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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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