OFF MARKET

3/47 Gibbons Street
Narrabri NSW 2390

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 121m2
Land area: 216m2
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Last updated 16 Sep 2024
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Property Details for 3/47 Gibbons St, Narrabri

3/47 Gibbons St, Narrabri is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 216m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
1950
Floor Size
121m2
Land Size
216m2
Local Government
Narrabri
Lot/Plan
3/SP90892

Last Listing description (January 2023)

Hennessy Real Estate are proud to present to the market this outstanding investment, being 2 x three bedroom, two bathroom townhouses in a sought after locale in Narrabri. Offering immediate dual income high yields with a combined return of $845/week with both tenancies secured on fixed term leases, this property is sure to attract immediate attention. Options abound for discerning purchasers continue to capitalise on the strong rental demand with further upside lift to rental returns upon renewal of existing leases. Also ideally suited for owner occupiers - live in one property and rent out the other to pay down the mortgage. Superbly presented and with a desirable modern floorplan and finish, these two fully strated properties abound with opportunities.

Spacious three bedroom, two bathroom floorplan
Private covered rear timber decks, ideal for entertaining

Year round comfort with multiple split system air conditioners throughout
Built-in robes to all bedrooms and ensuite to master
Immediate high yields for investors Unit 2 rented for $430/w until Jan 2023 & Unit 3 rented for $415 per week until July 2023
Both townhouses are separately strated, allowing for individual sale
Secure single lock up garaging for each property
Modern construction provides for maximum depreciation tax benefits

Superb opportunity for astute purchasers seeking dual income to service the rising demand for housing in Narrabri. Perfectly positioned and modernly presented, call Hennessy Real Estate on 6792 5566 to secure this sought after opportunity today.

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Property History for 3/47 Gibbons St, Narrabri, NSW 2390

A timeline of how this property has performed in the market
Last Sold
$690,000
19 Dec 2022
Listed for Rent
$370/w
12 Apr 2019
  • 19 Dec 2022
    Sold for $690,000
  • 28 Sep 2022
    Listed for Sale $680,000 - $720,000
  • 12 Apr 2019
    Listed for Rent $370 / week
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About Narrabri 2390

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 4,465 properties. Over the last 5 years, Houses in Narrabri have seen a 45.61% increase in median value, while Units have seen a 164.68% increase. As at 31 August 2024:

  • The median value for Houses in Narrabri is $358,555 while the median value for Units is $207,652.
  • Houses have a median rent of $470 while Units have a median rent of $300.
There are currently 62 properties listed for sale, and 5 properties listed for rent in Narrabri on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Narrabri.

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