FOR SALE
AUCTION

2-8 Little Beulah Street
Gunnedah NSW 2380

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
Land area: 2245m2
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Prime Regional Investment Opportunity

Ray White Commercial (SC), in collaboration with Managed By Kate, is excited to introduce a prime regional residential investment opportunity that promises stable and attractive returns. This property, located at 2-8 Little Beulah Street, Gunnedah, will be auctioned on Tuesday, 19th November 2024.
This exceptional asset features a diverse mix of residential units, including 7 well-designed one-bedroom units and a three-bedroom, two-bathroom home. Together, these units generate a robust annualised gross rental income of approximately $132,080 per annum^, providing a dependable revenue stream for discerning investors.
The property benefits from its strategic location, positioned just a short distance from the Gunnedah Town Centre while offering the serenity of a quiet, residential street. Little Beulah Street is a tranquil cul-de-sac that enhances the appeal of this investment, combining accessibility with a peaceful living environment.
This opportunity is ideal for investors seeking a stable income-producing asset in a thriving regional market. With its strong rental yield and desirable location, 2-8 Little Beulah Street presents a compelling proposition for those looking to expand their property portfolio.
Additional highlights of the asset include:
• 7 x 1-Bedroom Units
• 1 x 3-Bedroom, 2-Bathroom home that benefits from a 2 x split air conditioning units and double carport
• 100% occupancy
• Annualised Gross Rental Income: $132,080
• Flood free location
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Property Details for 2-8 Little Beulah St, Gunnedah

Building Type
Commercial
Floor Size
1m2
Land Size
2245m2

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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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Samuel Hadgelias
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