30 Upper St, East Tamworth is a 11 bedroom, 5 bathroom House with 5 parking spaces and was built in 1960. The property has a land size of 1301m2 and floor size of 462m2. While the property is not currently for sale or for rent, it was last sold in April 2008.
This is an opportunity that rarely occurs in East Tamworth, you can purchase this classic block of units and be the master of your own destiny. The block consists of five (5) units, two x three bedrooms & two x two bedroom and one x one bedroom unit in a very sought-after, superb location within walking distance to the CBD of Tamworth.
This property was constructed in approximately 1960 in a unique art-deco style, with the original owner using the complete ground floor as their residence. Features in the main structure include double brick, polished boards, French doors, wide hallways and 10 foot ceilings, all round a solid and decadent main dwelling which is now incorporated into a 3 bedroom unit, with another 3 bedroom unit upstairs and an adjoining 1 bedroom flat.
To the rear another 2 x 2-bedroom 2 storey townhouses have been constructed at a later date. Full occupancy is a bonus and being on one title there could be opportunity available to strata the title and sell individually, or capture these now as a productive Superannuation Fund asset!
Currently all the units are leased returning $82,160p/a, offering 5.2% gross on the asking price.
Elevated location there are several opportunities presenting here.
Call for more details today.
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.
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