FOR SALE
$ 899,000 Market Price Update

28 Allnutt Street
Quirindi NSW 2343

Bedrooms: 10
Bathrooms: 5
Car spaces: 5
Land area: 1012m2
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Unique Investment Opportunity! Motivated Vendors!

Nestled in a prime location, this block of 5 residential units offers an incredible investment opportunity rarely seen in the area. Located in the heart of Quirindi, these units are within walking distance to schools, public transportation, shops, medical facilities, and local parks.
The property currently has excellent long term tenants that are all in fixed term leases. Current rent achieved per week $1290 with a rent yield of 7.5%. The rental income is due to increase in October 2024 to $1370 per week, increasing the rent yield to 7.9%.
Each Unit Offers
• 2 Bedrooms, open plan kitchen and living areas
• Updated kitchens with modern appliances
• Combined bathroom/laundry
• Off-street parking for all units
• Hardwood floors throughout
• Reverse cycle air conditioning
• Private access for each unit
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Property Details for 28 Allnutt St, Quirindi

28 Allnutt St, Quirindi is a 10 bedroom, 5 bathroom BlockOfUnits with 5 parking spaces. The property has a land size of 1012m2. The place is currently for sale with Ray White Quirindi.

Building Type
BlockOfUnits
Land Size
1012m2

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About Quirindi 2343

The size of Quirindi is approximately 411 square kilometres. It has 12 parks covering nearly 0.3% of total area. The population of Quirindi in 2011 was 3,524 people. By 2016 the population was 3,441 showing a population decline of 2.4% in the area during that time. The predominant age group in Quirindi is 50-59 years. Households in Quirindi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Quirindi work in a professional occupation. In 2011, 67.1% of the homes in Quirindi were owner-occupied compared with 65.4% in 2016.

Quirindi has 2,158 properties. Over the last 5 years, Houses in Quirindi have seen a 89.14% increase in median value, while Units have seen a 42.44% increase. As at 30 November 2024:

  • The median value for Houses in Quirindi is $331,500 while the median value for Units is $353,458.
  • Houses have a median rent of $430 while Units have a median rent of $250.
There are currently 24 properties listed for sale, and 1 property listed for rent in Quirindi on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Quirindi.

Suburb Insights for Quirindi 2343

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Louise McGilchrist
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Luke Scanlon
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Ray White Quirindi
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Disclaimer
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.