36 Forbes RoadOrange NSW 2800
Property Details for 36 Forbes Rd, Orange
Last Listing description (August 2023)
Introducing an exceptional investment opportunity in West Orange, opposite the prestigious Duntryleague Golf Club. This block of fully renovated apartments offers a unique chance to secure a steady income stream and capitalize on the potential for rental demand and future growth.
Comprising of 2 x 2 bedroom apartments, 2 x 3 bedroom apartments, and 1 x 4 bedroom apartment, this entire block is set on a spacious 3358sqm parcel of land. These apartments are in impeccable condition, requiring no further investment and are ready to take to the rental market immediately. AirBnB or long term rental, the choice is yours.
Convenience is key, as this property is situated on the route to the field day site, ensuring a high level of visibility and accessibility. The low maintenance common areas and future bookings further enhance the appeal of this investment opportunity.
Don't miss out on this rare chance to acquire a solid block of apartments in a prime location. Act now to secure a promising investment with immediate potential for income and long-term capital growth.
Features
- 2 x 2 bedrooms apartments all on the ground floor
- 2 x 3 bedroom apartments all with balconies
- 1 x 4 bedroom apartment
- Spacious updated kitchens
- All units have an internal laundry
- Bright and airy lounge areas
- 11 car spaces
- External laundry facilities for house keeping
- Land size 3358sqm approx. Zoned R1 General Residential
- All units have RC/AC & ceiling fans
- Solar system & Tesla battery set up
A solid investment with high rental returns and strong capital growth is ideal for investors, developers or self-managed superannuation funds.
Investment information:
-2 x 2 bedroom units long term lease return $380 per week
-2 x 3 bedroom units long term lease return $410 per week
-4 bedroom unit long term lease return $450 per week
-Rates : $915 per quarter
Serviced Apartment/AirBnB Lease Potential
- $90 to $120 per room per night
Property can be sold with furniture
DISCLAIMER
All information (including but not limited to the property areas, floor size, price, address and general property description, opinions and/or articles) on the McGrath website is provided for general information and/or educative purposes only. The content does not constitute professional advice (be it of a legal, financial or taxation nature) and should not be relied upon as such.
Property History for 36 Forbes Rd, Orange, NSW 2800
- 29 Aug 2023Sold for $2,225,000
- 26 Apr 2023Listed for Sale Auction
- 26 May 2022Listed for Sale Expressions of Interest
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0About Orange 2800
The size of Orange is approximately 150.6 square kilometres. It has 98 parks covering nearly 4% of total area. The population of Orange in 2011 was 35,990 people. By 2016 the population was 38,093 showing a population growth of 5.8% in the area during that time. The predominant age group in Orange is 0-9 years. Households in Orange are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orange work in a professional occupation. In 2011, 62.9% of the homes in Orange were owner-occupied compared with 61.8% in 2016.
Orange has 22,339 properties. Over the last 5 years, Houses in Orange have seen a 70.21% increase in median value, while Units have seen a 80.60% increase. As at 31 July 2024:
- The median value for Houses in Orange is $636,855 while the median value for Units is $476,450.
- Houses have a median rent of $540 while Units have a median rent of $420.
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