2/40 Crest RoadArmidale NSW 2350
Property Details for 2/40 Crest Rd, Armidale
2/40 Crest Rd, Armidale is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 774m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom Unit sold in Armidale in the last 12 months.
Last Listing description (May 2024)
Nestled in the sought-after North Hill neighborhood, surrounded by prestigious private school, lush parks, and convenient corner stores, this neat brick complex boasts not one, but two, well-maintained two-bedroom units, refurbished to a high standard - an ideal find for the astute investor seeking a hassle-free addition to their portfolio.
Property Highlights:
Dual Residency: This property comprises two mirrored units, each offering a comfortable living space designed for modern convenience.
Contemporary Living: Step into each unit to discover two bedrooms, complete with built-in robes for ample storage.
Modern Amenities: Indulge in the luxury of contemporary living with sleek bathrooms featuring modern vanities, showers, and toilets, providing a serene retreat after a long day.
Climate Comfort: Experience year-round comfort with reverse cycle air conditioning installed in each unit, offering optimal climate control regardless of the season.
Individual Garages: Enjoy the convenience of a single lock-up garage for each unit, providing secure parking and additional storage space for your belongings.
Open-Plan Design: Unit 1 welcomes you with a warmly carpeted living area, fostering a cozy ambiance, while Unit 2 features chic vinyl plank flooring, combining style with easy maintenance.
Functional Spaces: Both units are equipped with their own laundry facilities and clotheslines, ensuring practicality and convenience for daily living.
Situated in the desirable North Hill locale, residents enjoy proximity to esteemed private school, verdant parks perfect for leisurely strolls, and a selection of local corner stores catering to daily essentials. With easy access to major transport routes, the bustling heart of the city is just a short drive away, offering an array of dining, shopping, and entertainment options.
Don't let this exceptional investment opportunity slip away. Enquire now to secure your future in this thriving North Hill community and capitalize on the potential of these dual residences.
1&2/40 Crest Road are both currently leased on 12 month tenancy agreements for $365.00 and $400.00 per week, giving an annual income of $39,780.00
*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 2/40 Crest Rd, Armidale, NSW 2350
- 30 May 2024Sold for $675,000
- 03 May 2024Listed for Sale Not Disclosed
- 06 Sep 2011Listed for Rent $235 / week
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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 13,575 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.
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