18 Abbott StreetQuirindi NSW 2343
Property Details for 18 Abbott St, Quirindi
18 Abbott St, Quirindi is a 8 bedroom, 4 bathroom House and was built in 1940. The property has a land size of 670m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 8 bedroom House sold in Quirindi in the last 12 months.
Last Listing description (September 2024)
Quirindi has emerged as a hot spot for property investment, offering a unique opportunity for investors seeking substantial returns. The area boasts a growing demand for rental properties, making it an attractive option compared to other similar investment locations. Investing in a block of units with secured tenants not only maximizes income potential but also reduces the risk associated with relying on a single property. You can own multiple units generating diverse rental income.
This strategy not only enhances cash flow but also provides a buffer against vacancy and market fluctuations, solidifying Quirindi as an exceptional investment choice.
The property features four 2-bedroom, 1-bathroom units, each unit is currently tenanted, generating a combined rental income of $1070.00 per week. Ideally situated within walking distance of the main street, schools, and a hospital, these units have been fully updated within the last five years. Each unit boasts self-contained living spaces with open-plan layouts and well-equipped kitchens. The bathrooms feature a combined laundry area, complete with a shower, vanity, laundry tub, and toilet, while one of the units includes a dedicated laundry cupboard. This outstanding rental property is located in a peaceful area, elevated for added appeal.
In the ever-changing landscape of property investment, rare occurrences that present unique opportunities are often few and far between. One such occurrence in Quirindi is the chance to acquire a block of units in a region where growth projections indicate a significant increase in property values. The convergence of rising rental demand with limited housing supply creates a perfect storm for investors. Such a scenario is not just a fleeting moment; it's an opportunity that can lead to substantial capital appreciation over time. With interest rates stabilizing and investor confidence on the rise, this is a prime moment for those looking to expand their portfolios. Missing out on this chance could mean foregoing years of potential wealth creation; seasoned investors understand that the best options seldom last long.
Council Rates: $4400 p/a
Water Usage: $1000 p/a
Insurance: $130 p/m per unit
**information has been advised by vendors and buyers are requested to their own enquiries**
Property History for 18 Abbott St, Quirindi, NSW 2343
- 30 Aug 2024Sold for $592,000
- 10 Aug 2024Listed for Sale Not Disclosed
- 15 Mar 2023Sold for $470,000
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0About Quirindi 2343
The size of Quirindi is approximately 411 square kilometres. It has 12 parks covering nearly 0.3% of total area. The population of Quirindi in 2011 was 3,524 people. By 2016 the population was 3,441 showing a population decline of 2.4% in the area during that time. The predominant age group in Quirindi is 50-59 years. Households in Quirindi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Quirindi work in a professional occupation. In 2011, 67.1% of the homes in Quirindi were owner-occupied compared with 65.4% in 2016.
Quirindi has 2,158 properties. Over the last 5 years, Houses in Quirindi have seen a 85.65% increase in median value, while Units have seen a 54.39% increase. As at 31 July 2024:
- The median value for Houses in Quirindi is $328,949 while the median value for Units is $343,292.
- Houses have a median rent of $410 while Units have a median rent of $270.
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