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Sold on 21 Nov 2024 for $239,000

2/11 Petra Avenue
South Tamworth NSW 2340

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 96m2
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Property Details for 2/11 Petra Ave, South Tamworth

2/11 Petra Ave, South Tamworth is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 96m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in South Tamworth in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
86m2
Land Size
96m2
Local Government
Tamworth Regional
Lot/Plan
2/SP76743

Last Listing description (November 2024)

This solid two-bedroom townhouse at 2/11 Petra Avenue presents a fantastic opportunity for savvy investors. Offering a practical layout, the downstairs features an open-plan living and dining area, complemented by a good-sized functional kitchen and internal laundry. A split-system air conditioner on the lower level ensures heating and cooling are taken care of.

Upstairs, both bedrooms are equipped with built-in robes, with the main bedroom enjoying access to a private balcony. The bathroom is also located on this level and includes a separate, divided area for the toilet, providing additional privacy and convenience.

The property includes a front patio and a single carport, providing covered parking and low-maintenance living. Located close to Tamworth Golf Club, Coles shopping centre, Wests Leagues Club, and public schools, the property offers convenient access to essential amenities, making it attractive for those seeking affordable living in a well-serviced area.

This property presents an excellent investment opportunity with a strong rental return of $280 per week, offering 6% yield and long-term security with a lease in place until October 2025. Do not miss out on this hassle-free asset.

Key Features:
? Two upstairs bedrooms with built-in robes
? Main bedroom with private balcony
? Functional Bathroom
? Open-plan living and dining downstairs
? Good sized kitchen and internal laundry
? Split-system air conditioning in living area
? Front patio and single carport
? Convenient access to shops, clubs, and schools
? Currently tenanted until October 2025 at $280/week
? Rates approx. $2,000 p/a

* This information has been prepared to assist solely in the marketing of this property. Whilst all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.

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Property History for 2/11 Petra Ave, South Tamworth, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$239,000
21 Nov 2024
Listed for Rent
$210/w
11 Jan 2021
  • 21 Nov 2024
    Sold for $239,000
  • 28 Oct 2024
    Listed for Sale $239,000
  • 04 Jul 2024
    Listed for Rent $280 / week
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About South Tamworth 2340

The size of South Tamworth is approximately 6 square kilometres. It has 21 parks covering nearly 6.3% of total area. The population of South Tamworth in 2011 was 6,692 people. By 2016 the population was 6,547 showing a population decline of 2.2% in the area during that time. The predominant age group in South Tamworth is 20-29 years. Households in South Tamworth are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in South Tamworth work in a labourer occupation. In 2011, 54.3% of the homes in South Tamworth were owner-occupied compared with 50.8% in 2016.

South Tamworth has 3,583 properties. Over the last 5 years, Houses in South Tamworth have seen a 58.97% increase in median value, while Units have seen a 61.09% increase. As at 31 October 2024:

  • The median value for Houses in South Tamworth is $422,169 while the median value for Units is $342,665.
  • Houses have a median rent of $415 while Units have a median rent of $300.
There are currently 19 properties listed for sale, and 5 properties listed for rent in South tamworth on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in South tamworth.

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