SOLD
RECENT ADVICE
Sold on 03 Sep 2024 for $395,000

2/17 James Avenue
Armidale NSW 2350

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 948m2
Sold By
Professionals Armidale
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Property Details for 2/17 James Ave, Armidale

2/17 James Ave, Armidale is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1990. The property has a land size of 948m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Armidale in the last 12 months.

Building Type
Unit
Year Built
1990
Land Size
948m2
Local Government
Armidale Regional

Last Listing description (September 2024)

Discover the epitome of investment potential with Units 1 & 2 of 17 James Avenue. This exceptional property presents an ideal chance to kickstart your investment portfolio or expand an existing one. Boasting two mirrored units, each unit offers a harmonious blend of comfort, convenience, and contemporary living.

Unit Features:
Bedroom: Each unit comprises a well-appointed bedroom featuring a built-in, bathroom complete with a shower, toilet, and vanity.

Kitchen: Enjoy the functionality of U-shaped kitchens equipped to cater to your culinary endeavors.
Living Space: Spacious living rooms provide the perfect setting for relaxation and entertainment, with ample room for dining.
Car Spaces: Convenience is key, with allocated single undercover car spaces ensuring hassle-free parking for residents.
Outdoor Areas: Unit 1 boasts an inviting undercover entertaining space, ideal for alfresco dining or leisurely gatherings. Meanwhile, Unit 2 offers a fully fenced yard, providing a private oasis for outdoor pursuits.
Laundry Facilities: Both units feature expansive laundry areas with external access, offering added convenience for residents.
Climate Control: Enjoy year-round comfort with reverse cycle air conditioning installed in Unit 1 and gas heating in Unit 2.
Investment Potential:
With both currently rented returning $415 per week combined, and the complex increasing to a combined rent of $460.00 in August, this property offers a lucrative investment opportunity with promising rental returns.

Don't miss the chance to seize this exceptional investment opportunity. Whether you're a seasoned investor or a newcomer to the property market, Units 1 & 2 of 17 James Avenue offer the perfect combination of comfort, convenience, and potential returns. Enquire today to secure your slice of this lucrative investment opportunity.

*We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.*

Property History for 2/17 James Ave, Armidale, NSW 2350

A timeline of how this property has performed in the market
Last Sold
$395,000
03 Sep 2024
Listed for Rent
$200/w
14 Aug 2019
  • 03 Sep 2024
    Sold for $395,000
  • 08 Apr 2024
    Listed for Rent $200 / week
  • 05 Apr 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 13,575 properties. Over the last 5 years, Houses in Armidale have seen a 51.71% increase in median value, while Units have seen a 36.58% increase. As at 30 September 2024:

  • The median value for Houses in Armidale is $456,412 while the median value for Units is $308,565.
  • Houses have a median rent of $450 while Units have a median rent of $325.
There are currently 101 properties listed for sale, and 13 properties listed for rent in Armidale on OnTheHouse. According to CoreLogic's data, 602 properties were sold in the past 12 months in Armidale.

Suburb Insights for Armidale 2350

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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.