FOR SALE
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122-124 Rankin Street
Forbes NSW 2871

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 785m2
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Ray White Forbes - 02 6851 1411

DUAL INVESTMENT IN RARE CBD LOCATION
Rare opportunity has presented it self to the market! 2x2 bedroom duplex's with rear lane access and situated in the heart of the CBD. The options are endless with this unique property, either rent them both out, reside in one & let the other pay your mortgage, possibly run a business ( STCA ) or even an Air BNB and reap the rewards from the prominent location.
122 Rankin is currently leased for $250pw with the long term tenant in place residing for over 10 years. Consisting of two good sized bedrooms, separate lounge room with split system, updated kitchen & eat in dining area, original style bathroom, outside laundry & fenced in yard.
124 Rankin is currently owner occupied. Consisting of two good sized bedrooms, lounge room with split system & gas heating, updated kitchen, dining area, modern style bathroom with corner spa bath, large yard with double carport & rear lane access.
* Zoned: E1 local centre
* Two titles
As the the old saying goes location location location, this unique property has so many exciting possibilites. The vendors circumstances have changed and say sell. Contact Agent the register your interest.
Brendon Allegri 0416 930 197

Property Details for 122-124 Rankin St, Forbes

122-124 Rankin St, Forbes is a 4 bedroom, 2 bathroom BlockOfUnits with 2 parking spaces. The property has a land size of 785m2. The place is currently for sale with Ray White Parkes.

Building Type
BlockOfUnits
Land Size
785m2

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About Forbes 2871

The size of Forbes is approximately 980.3 square kilometres. It has 21 parks covering nearly 0.2% of total area. The population of Forbes in 2011 was 7,559 people. By 2016 the population was 8,435 showing a population growth of 11.6% in the area during that time. The predominant age group in Forbes is 0-9 years. Households in Forbes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forbes work in a professional occupation. In 2011, 66.7% of the homes in Forbes were owner-occupied compared with 68.3% in 2016.

Forbes has 5,204 properties. Over the last 5 years, Houses in Forbes have seen a 66.97% increase in median value, while Units have seen a 63.95% increase. As at 31 December 2024:

  • The median value for Houses in Forbes is $359,841 while the median value for Units is $411,727.
  • Houses have a median rent of $420 while Units have a median rent of $275.
There are currently 87 properties listed for sale, and 19 properties listed for rent in Forbes on OnTheHouse. According to CoreLogic's data, 181 properties were sold in the past 12 months in Forbes.

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Brendon Allegri
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Ray White Parkes
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