29/337 Armidale RoadEast Tamworth NSW 2340
Property Details for 29/337 Armidale Rd, East Tamworth
29/337 Armidale Rd, East Tamworth is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 6642m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in August 2016.
Last Listing description (August 2016)
**Investors Only**
The Tamworth property investment is located just off the A15 Highway and only approx 1.6km from the center of one of Australia s most famous country towns.
Tamworth is known as the Equine capital of Australia due to the high volume of equine events it holds as well as home to the Australian Equine and Livestock Events Centre and of course the annual Tamworth Country Music Festival, which is the second largest country music festival in the world.
Lease Details:
Current Rent: $328 per week ($17,107.32 per annum)
Next Rent Increase: 1st October 2016
Current Return: 8.15% Gross / Net 7.15%
Return as at 1/10/16: 8.47% Gross / 7.47% Net
Lease Terms: Lease to 30/09/2017 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due 2017)
Approximate Outgoings:
Council Rates: $1421 p/a
Water Rates: Combined with council rates
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $677 p/a
Property History for 29/337 Armidale Rd, East Tamworth, NSW 2340
- 09 Aug 2016Sold for $211,105
- 13 Jul 2016Listed for Sale Not Disclosed
- 04 Aug 2015Listed for Sale Not Disclosed
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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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