36/337 Armidale RoadEast Tamworth NSW 2340
Property Details for 36/337 Armidale Rd, East Tamworth
36/337 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 March 2019.
Last Listing description (May 2016)
A spacious two bedroom apartment with full ensuite to master,
refurbished kitchen in 2011 and open plan living areas.
Enjoy a hassle free investment, with a secure lease :
Next Rent Increase: 1st October 2016
Current Return: 7.53% Gross / Net 6.56%
Lease Terms: Lease to 1/10/2017 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2017)
Approximately 83m2 + balcony 12m2.
= Total area 95m2, Carpark on title and inground swimming pool.
(Please note apartments are generic and images may not be of exact lot)
Low outgoings, with no management or letting fees:
Approximate Owner Outgoings:
Council Rates and water rates : $1420 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $780 p/a
Situated almost midway between Brisbane and Sydney, it is approximately 318 km from the Queensland border.
Tamworth Council is one of largest in inland NSW, with a population of over 58,000 and prosperous business industries comprising of building, retail, hospitality and agriculture.
A solid investment apartment in a region that attracts residents, investors, workers and visitors alike.
Property History for 36/337 Armidale Rd, East Tamworth, NSW 2340
- 20 Mar 2020Sold
- 15 Mar 2019Sold for $220,000
- 13 May 2016Sold for $217,000
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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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