FOR SALE
$285,000 - $310,000

396 Conadilly Street
Gunnedah NSW 2380

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2024m2
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Prime Development Site in Gunnedah

Ideal investment opportunity presents itself with the sale of 396 Conadilly St, Gunnedah situated on 2,024sqm with an R3 Medium Density Residential allotment. Further, all the hard work has been done with a current DA approval for an 8 x 2 bedroom strata unit complex.
With vacancy rates sitting at record low levels, this outstanding development is perfectly positioned and designed to service this increasing housing demand.
Not to be missed and priced for immediate sale.
• 8 two-bedroom unit complex DA approved
• Designed as a strata allowing for individual sale
• High yielding investment potential with expected rental returns of $430 - $450 per week
• Build without the strata for a long-term investment, with rental returns of up to $187,200 per year
• Flat level block well suited for development
• Close to shops, schools, parks, pubs and clubs
A turn-key ready development, perfectly situated and designed to address the housing shortage with these ideal unit complex. Positioned and priced for immediate sale, contact Hennessy Real Estate on 6742 3001 today.

Property Details for 396 Conadilly St, Gunnedah

Building Type
Land
Land Size
2024m2

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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 5,743 properties. Over the last 5 years, Houses in Gunnedah have seen a 58.15% increase in median value, while Units have seen a 62.46% increase. As at 30 September 2024:

  • The median value for Houses in Gunnedah is $414,360 while the median value for Units is $357,788.
  • Houses have a median rent of $485 while Units have a median rent of $330.
There are currently 27 properties listed for sale, and 13 properties listed for rent in Gunnedah on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Gunnedah.

Suburb Insights for Gunnedah 2380

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Ben Hennessy
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Hennessy Real EState
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.