21/337 Armidale RoadEast Tamworth NSW 2340
Property Details for 21/337 Armidale Rd, East Tamworth
21/337 Armidale Rd, East Tamworth is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 6642m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in June 2015.
Last Listing description (January 2019)
Apartment hotels, suitable for both short term and extended stays, are now an integral part of the Australian accommodation scene. The serviced apartments industry continues to grow steadily, offering great opportunity.
* Long lease and guaranteed rent.
* This serviced Quest apartment is in a complex of 45 and is in close proximity to the CBD of Tamworth city. Placing you steps from the Powerhouse Motorcycle Museum and within a 10 minute stroll of the Australian Country Music Hall of Fame.
* Long lease of 5 years and an option of another 4 x 5 year term.
* Annual increases at 4% with market review every five years and options out to 2027. Well worth consideration.
Rent Increases: 4% yearly with market rent reviews every 5 years (next market review Oct ?? 2018)
* Guaranteed current rent return of approx. $17,784 per year (approx $342 per week).
* The apartment is well appointed and spacious with 2 double bedrooms both with built ins, 2 bathrooms, recently refurbished kitchen with dishwasher and lots of cupboards, dining and lounge room with doors leading out onto a balcony. New carpet and kitchen flooring, freshly painted and upgraded furnishings. Flat screen TV with cable channels are featured in your apartment with free Wifi, free wired internet and DVD player. In room dining is easy with a kitchen that comes equipped with refrigerator, microwave and stove top.
* Easy 'hassle free' investment property that is looked after for you and if your apartment is ever vacant for any period of time, your rent is still paid.
Great investment opportunity with very little outlay, enquire today!
Property History for 21/337 Armidale Rd, East Tamworth, NSW 2340
- 14 Jul 2018Listed for Sale Not Disclosed
- 17 Jun 2015Sold for $176,000
- 05 Jun 2013Listed for Sale $189,000
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0About East Tamworth 2340
The size of East Tamworth is approximately 15.6 square kilometres. It has 19 parks covering nearly 4.2% of total area. The population of East Tamworth in 2011 was 5,212 people. By 2016 the population was 5,337 showing a population growth of 2.4% in the area during that time. The predominant age group in East Tamworth is 40-49 years. Households in East Tamworth are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in East Tamworth work in a professional occupation. In 2011, 66.3% of the homes in East Tamworth were owner-occupied compared with 63.4% in 2016.
East Tamworth has 2,904 properties. Over the last 5 years, Houses in East Tamworth have seen a 64.81% increase in median value, while Units have seen a 64.24% increase. As at 31 October 2024:
- The median value for Houses in East Tamworth is $532,338 while the median value for Units is $351,586.
- Houses have a median rent of $468 while Units have a median rent of $350.
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