50A/50B Martin StreetArmidale NSW 2350
Property Details for 50a/50b Martin St, Armidale
50a/50b Martin St, Armidale is a 6 bedroom, 2 bathroom House with 10 parking spaces. The property has a land size of 4373m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 6 bedroom House sold in Armidale in the last 12 months.
Last Listing description (November 2024)
Amazing Investment Opportunity with Subdivision Potential
Situated on a substantial 4,373m2 block between Armidale CBD and the University of New England this unique offering of two separate homes with combined rent of $830.00 per week. This presents an effortless opportunity for investors or multi-generational families looking for a dual residence on one large block. The main residence has been extremely well renovated with quality right through out. Take the future rent potential into consideration, plus with room to add multiply dwellings subject to council approvals on the remaining vacant land. The back studio has also been renovated and has an excellent tenant in place.
The front house offers:
Modern galley style kitchen with new appliances
New paint throughout
Polished timber floors
Separate fenced yard
Currently leased at $450.00 per week with excellent tenants
Separate studio:
Has three bedrooms or has multiple bedroom or living area arrangements
Newly renovated kitchen with northern aspect
Modern bathroom
New painted and new flooring through out
The studio is leased at $380.00 per week with great tenants
Located at the at the back of the site is a large 20x16m shed for equipment storage or additional parking is on-site plus there is ample potential for further development. This is a terrific choice for a family looking to spread out or for a savvy investor seeking a strong yield. Offering convenient access to UNE, childcare and the Girraween Shopping Centre, this is a unique property opportunity. Contact Jeremy Creagan on 0401 508 801 to arrange an inspection today. *All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*
Property History for 50a/50b Martin St, Armidale, NSW 2350
- 20 Nov 2024Sold for $670,000
- 28 Aug 2024Listed for Sale $660,000 - $690,000 Price Guide
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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 13,576 properties. Over the last 5 years, Houses in Armidale have seen a 53.81% increase in median value, while Units have seen a 47.51% increase. As at 31 October 2024:
- The median value for Houses in Armidale is $469,038 while the median value for Units is $314,827.
- Houses have a median rent of $450 while Units have a median rent of $330.
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