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Sold on 02 Dec 2024 for $677,000

17 Queen Elizabeth Drive
Armidale NSW 2350

Bedrooms: 6
Bathrooms: 3
Car spaces: 3
Floor area: 73m2
Land area: 789m2
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Armidale First National Real Estate
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Property Details for 17 Queen Elizabeth Dr, Armidale

17 Queen Elizabeth Dr, Armidale is a 6 bedroom, 3 bathroom Unit with 3 parking spaces. The property has a land size of 789m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 6 bedroom Unit sold in Armidale in the last 12 months.

Building Type
Unit
Floor Size
73m2
Land Size
789m2
Local Government
Armidale Regional
Lot/Plan
24/DP249958

Last Listing description (December 2024)

Price change for 17 Queen Elizabeth Drive. Comprising 3 x 2 bedroom brick apartments on a single title with 3 under cover car-parks sitting on a large level 789m2 block. There is scope to capitally improve, and thereby improve the rental income. 5.2% gross return at the current asking price with three stable stable tenancies in lease. A rare find in a location close to the university of New England and many handy amenities, including transport services and bus stop just outside across the road. Contact First National Armidale to arrange your inspection today!

Features:
* Brick 3 x 2 bedroom apartments, single freehold title
* Level and central block

* Electric kitchens and hot water
* Approx 800m to UNE college campus
* Harvey Norman Shopping Centre, service station, cafe, restaurants and laundromat adjacent proximity

* Wholechild Childcare centre across the road
* Unit 1 in lease til 16th May 2024 pays $240 p/w
* Unit 2 in lease til 20th Oct 2024 pays $230 p/w
* Unit 3 in lease til 19th Jan 2025 pays $240 p/w

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Property History for 17 Queen Elizabeth Dr, Armidale, NSW 2350

A timeline of how this property has performed in the market
Last Sold
$677,000
02 Dec 2024
Listed for Rent
$185/w
30 Mar 2011
  • 02 Dec 2024
    Sold for $677,000
  • 23 Oct 2024
    Listed for Sale $695,000
  • 21 May 2024
    Listed for Sale Not Disclosed
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About 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 13,623 properties. Over the last 5 years, Houses in Armidale have seen a 52.43% increase in median value, while Units have seen a 49.83% increase. As at 30 November 2024:

  • The median value for Houses in Armidale is $465,171 while the median value for Units is $301,175.
  • Houses have a median rent of $450 while Units have a median rent of $330.
There are currently 93 properties listed for sale, and 16 properties listed for rent in Armidale on OnTheHouse. According to CoreLogic's data, 593 properties were sold in the past 12 months in Armidale.

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