1 Nandewar St, Narrabri is a 5 bedroom, 4 bathroom Unit with 3 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in July 2010.
This property has a motivated seller and we have dropped the price!! There are not many units on offer in Narrabri so this is a unique opportunity for investors. Conveniently located this property is close to local amenities, schools, and public transportation, making it an attractive option for tenants or residents. There is plenty of potential here for a steady rental income, it is currently returning over $42,000 a year, but a much higher return could be achieved with some renovations.
This property offers the following:
Unit 1: 1 Bed / 1 Bath
Unit 2: 1 Bed / 1 Bath / 1 Car
$160.00 per week
Secure front yard with concrete patio and rainwater tank.
Weatherboard with a new roof.
Vinyl flooring in the dining kitchen area with a slit system.
Carpeted lounge room with VJ panelling on the walls. Open plan to the kitchen.
Gally kitchen with a sink and freestanding oven.
Bedroom, is carpeted with blinds, curtains and VJ panelling on the walls.
Bathroom with a shower over the bath, toilet, sink and mirror storage.
Laundry with vinyl flooring and direct access to the backyard.
Storage shed, carport and a shared hills hoist.
Unit 3: 2 Bed / 1 Bath / 1 Car
$280.00 per week
Concrete entry with a small verandah.
Open plan living, dining and kitchen with a split system, block-out blinds, overhead ceiling fan and polished floorboards.
The kitchen has a freestanding electric oven, sink, and block-out blinds.
Bedroom one has cypress pine flooring, overhead ceiling fan and blinds.
Second bedroom with curtains, overhead ceiling fan and cypress flooring.
The bathroom has a shower over the bath, toilet, and vanity.
Linen storage in the hallway.
Laundry with vinyl wood look floorcoverings, wash basin and access to the backyard.
Secure Back yard with a garage and a single carport on a slab.
Unit 4: 1 Bed / 1Bath / 1 Car
$200.00 per week
Front concrete patio located next to the double carport.
Open plan living, dining and kitchen.
Living room with block-out blind, curtains, and carpeted flooring.
Kitchen with laminate flooring, free-standing over and sink.
Bathroom with a shower over bath, toilet, and vanity.
Carpeted bedroom with block-out blinds, curtains, and ceiling fan.
Addition information:
Weekly Return: $820*
Annual Return: $42,640*
Gross Rental Yield: 7.7*%
Rates: $1078*/qtr
Water rates: $400*/qtr
* approximate.
This property presents an excellent investment opportunity. With renovations, this property will achieve a much higher return as rentals are scarce. Don't miss out on the chance to own this versatile property in a sought-after location. Contact us today to arrange a viewing and secure your future in Narrabri!
The size of Narrabri is approximately 1,294.2 square kilometres. It has 22 parks covering nearly 10.7% of total area. The population of Narrabri in 2011 was 7,391 people. By 2016 the population was 7,614 showing a population growth of 3.0% in the area during that time. The predominant age group in Narrabri is 0-9 years. Households in Narrabri are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Narrabri work in a trades occupation. In 2011, 64.1% of the homes in Narrabri were owner-occupied compared with 63.5% in 2016.
Narrabri has 4,466 properties. Over the last 5 years, Houses in Narrabri have seen a 63.94% increase in median value, while Units have seen a 64.82% increase. As at 30 September 2024:
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