SOLD
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Sold on 29 May 2024 for $850,000

9 Madgwick Drive
Armidale NSW 2350

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 4015m2
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Property Details for 9 Madgwick Dr, Armidale

9 Madgwick Dr, Armidale is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 4015m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 6 bedroom House sold in Armidale in the last 12 months.

Building Type
House
Land Size
4015m2
Local Government
Armidale Regional
Lot/Plan
28/DP1156909

Last Listing description (May 2024)

9 Madgwick Drive, Armidale presents a distinct opportunity to acquire a source of immediate income coupled with the potential for future site expansion, all within walking distance of UNE.

Demonstrating a robust rental track record and steady income, there are two homes, each boasting 3 bedrooms, 1 bathroom and a carport and occupying approximately 1300m2 of 4015m2 parcel, leaving approx. 2,700m2 of vacant R1 zoned land. This ample land size provides the opportunity for further development, subject to council approval.

Key features of each residence include:

• Well-maintained weatherboard exterior
• Three bedrooms
• Updated kitchen
• Inviting living space
• Spacious layout with high ceilings and a wide central hallway
• NBN connectivity
• Front and rear decks
• Securely fenced yard
• Carport for parking
• Combined weekly rental income $780 per week

This offering stands out in Armidale's real estate market, representing a compelling opportunity for astute investors.

An inspection is highly recommended for those serious about seizing this unique prospect.

*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*

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Property History for 9 Madgwick Dr, Armidale, NSW 2350

A timeline of how this property has performed in the market
Last Sold
$850,000
29 May 2024
  • 29 May 2024
    Sold for $850,000
  • 01 Mar 2024
    Listed for Sale $850,000 - $930,000
  • 08 Oct 2021
    Sold for $750,000

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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 13,577 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.
There are currently 97 properties listed for sale, and 8 properties listed for rent in Armidale on OnTheHouse. According to CoreLogic's data, 605 properties were sold in the past 12 months in Armidale.

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Ray White Rural Guyra/ Armidale
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