11/11A Favell StreetGunnedah NSW 2380
Property Details for 11/11a Favell St, Gunnedah
11/11a Favell St, Gunnedah is a 5 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 652m2.
Last Listing description (August 2024)
Welcome to 11 Favell Street, Gunnedah! Experience the epitome of modern duplex living in this prime location. Whether you're an astute investor or a savvy homeowner, this property is your golden opportunity!
Features:
- Unit 1 boasts 3 bedrooms & 2 bathrooms and unit 2 offers 2 bedrooms & 1 bathroom.
- Compact yet functional kitchens perfect for culinary adventures
- Enjoy the perks of a newer area with contemporary finishes throughout
- Separate backyards for each unit offer privacy and outdoor relaxation space
- Convenience of 2 single garages, ensuring ample parking and storage
Why Invest Here? With its desirable location and versatile layout, this property presents an array of opportunities:
- Generate passive income by renting out one or both units (Current rental return of $780 per week).
- Ideal for multigenerational living or shared accommodation
- Take advantage of Gunnedah's growing rental market and secure long-term tenants.
- Capitalize on the potential for future capital growth in this sought-after area
Don't miss out on this chance to secure your slice of Gunnedah's property market. Contact us today to arrange a viewing and turn your real estate dreams into reality!
DISCLAIMER: Whilst all care is taken with the information supplied no warranty is given and you must rely on your own enquiries.
Property Code: 1258
Property History for 11/11a Favell St, Gunnedah, NSW 2380
- 27 Feb 2024Listed for Sale $645,000 ONO
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0About Gunnedah 2380
The size of Gunnedah is approximately 519 square kilometres. It has 36 parks covering nearly 7.1% of total area. The population of Gunnedah in 2011 was 9,341 people. By 2016 the population was 9,727 showing a population growth of 4.1% in the area during that time. The predominant age group in Gunnedah is 0-9 years. Households in Gunnedah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gunnedah work in a machinery operators and drivers occupation. In 2011, 65.6% of the homes in Gunnedah were owner-occupied compared with 63% in 2016.
Gunnedah has 5,758 properties. Over the last 5 years, Houses in Gunnedah have seen a 55.65% increase in median value, while Units have seen a 67.48% increase. As at 31 October 2024:
- The median value for Houses in Gunnedah is $415,462 while the median value for Units is $364,180.
- Houses have a median rent of $485 while Units have a median rent of $360.
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