FOR SALE
$740,000 - $760,000

1 & 2/18 Elm Street
Gunnedah NSW 2380

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
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Positive Cash Flow Property

This contemporary dual occupancy property is sure to impress investors seeking a positive cash flow property or equally ideal for home buyers seeking a secondary income to help pay off the mortgage.
Offering a three-bedroom, two-bathroom main residence with and an adjoining two-bedroom one-bathroom apartment both enjoying private covered al-frescos and securely fenced backyards.
With stylish living areas adorned with modern conveniences, the properties have bedrooms well equipped with built-in wardrobes, offering ample storage for your belongings. Beyond the interiors, a large grassy backyard awaits, providing a tranquil outdoor space for relaxation, leisure, and perhaps even a touch of gardening. This extension of the living area seamlessly blends indoor comfort with outdoor serenity, making it ideal for unwinding after a long day or hosting intimate gatherings.
Whether you seek a comfortable living arrangement or an investment opportunity, these units encapsulate the essence of contemporary living, offering both convenience and comfort in a well-considered package.
Apartment 1: Three bedrooms all with built in robes
• Kitchen features a dishwasher and ample storage cupboards
• Open plan living room with split system air conditioning
• Main bathroom and ensuite to the master
• Single lockup garage
• Tidy grassed back yard
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Property Details for 1 & 2/18 Elm St, Gunnedah

1 & 2/18 Elm St, Gunnedah is a 5 bedroom, 2 bathroom BlockOfUnits with 2 parking spaces and was built in 2023. The place is currently for sale with Hennessy Real EState.

Building Type
BlockOfUnits
Year Built
2023

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About Gunnedah 2380

The size of Gunnedah is approximately 519 square kilometres. It has 36 parks covering nearly 7.1% of total area. The population of Gunnedah in 2011 was 9,341 people. By 2016 the population was 9,727 showing a population growth of 4.1% in the area during that time. The predominant age group in Gunnedah is 0-9 years. Households in Gunnedah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gunnedah work in a machinery operators and drivers occupation. In 2011, 65.6% of the homes in Gunnedah were owner-occupied compared with 63% in 2016.

Gunnedah has 5,756 properties. Over the last 5 years, Houses in Gunnedah have seen a 55.65% increase in median value, while Units have seen a 67.48% increase. As at 31 October 2024:

  • The median value for Houses in Gunnedah is $415,462 while the median value for Units is $364,180.
  • Houses have a median rent of $485 while Units have a median rent of $360.
There are currently 28 properties listed for sale, and 16 properties listed for rent in Gunnedah on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Gunnedah.

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Justine Dixon
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Hennessy Real EState
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