1/188 Marsh StreetArmidale NSW 2350
Property Details for 1/188 Marsh St, Armidale
1/188 Marsh St, Armidale is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 1241m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (December 2020)
Affordable three-bedroom units in great neighbourhoods close to the CBD are rare indeed. This one however, is within easy access to a couple of good schools, across the road from a great caf, and a nice walking distance from the CBD. The chances of finding such a good, neat, sturdy looking 3-bedroom unit in this price range in this location is like finding a needle in a haystack.
Although a little dated, the unit has always had the benefit of good maintenance. Given its premium location it is well worth considering as a makeover project which could increase both its capital value and its return on investment.
The unit has a beneficial north-facing aspect and receives plenty of natural light and warm winter sunshine. It has built-ins in all three bedrooms, its own laundry and a covered carport.
Investment potential:
The unit is currently tenanted and returning $285.00 per week in rent
There is scope to update the unit and increase the returns
Proximity to Education facilities (approximations only)
350m from Armidale City Public School
1.1 kms from The Armidale School
5.5 kms from the University of New England
Proximity to Shopping
950m from the CBD
Proximity to Dining and Entertainment
800m to the nearest hotel/restaurant
Proximity to Health Facilities
1.8kms metres from the nearest public and private hospitals
INVESTING IN ARMIDALE
Armidale is a thriving city with a strong and diverse economy. It has key strengths in education, health, agriculture, retail and professional services. AS a regional service centre its wide range of goods and services are accessed by in excess of 71,000 people spread throughout the entire New England and Northern Tablelands area.
In recent years the city has enjoyed an unprecedented level of infrastructure spending. Recent developments include:
$18m Education and Training facility at UNE
$3.7m Aldi Supermarket complex
$60m Centro shopping centre development by Woolworths
$17m College at UNE
$6m Ambulatory and chemotherapy facility
Completion of new nursing home and retirement village accommodation
$6m Bunnings Warehouse
$50m redevelopment of the Armidale (K-Mart) Plaza
$12m police station and courthouse
Among a raft of developments currently in progress:
Armidale Airport $10.5 million Expansion: https://goo.gl/gqAqE5
Armidale $65 Million Super School: https://goo.gl/4aHqoQ
Armidale $60 Million Hospital Redevelopment: https://goo.gl/yLJNF3
Armidale Airport Industrial Park Development https://goo.gl/TULAAe
Property History for 1/188 Marsh St, Armidale, NSW 2350
- 27 Nov 2020Sold for $247,000
- 30 Sep 2020Sold
- 08 Feb 2020Listed for Sale $249,000
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0About Armidale 2350
The size of Armidale is approximately 268.8 square kilometres. It has 41 parks covering nearly 2.3% of total area. The population of Armidale in 2011 was 22,467 people. By 2016 the population was 23,355 showing a population growth of 4.0% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation. In 2011, 59.9% of the homes in Armidale were owner-occupied compared with 57.7% in 2016.
Armidale has 13,633 properties. Over the last 5 years, Houses in Armidale have seen a 54.21% increase in median value, while Units have seen a 32.01% increase. As at 31 December 2024:
- The median value for Houses in Armidale is $480,639 while the median value for Units is $282,538.
- Houses have a median rent of $450 while Units have a median rent of $325.
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