OFF MARKET

22 Croydon Avenue
South Tamworth NSW 2340

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 809m2
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Last updated 30 Sep 2024
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Property Details for 22 Croydon Ave, South Tamworth

22 Croydon Ave, South Tamworth is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 809m2. While the property is not currently for sale or for rent, it was last sold in November 2003.

Building Type
House
Land Size
809m2
Local Government
Tamworth Regional
Lot/Plan
23/DP22732

Last Listing description (February 2024)

A unique opportunity for savvy investors. This property features not one but two stand-alone units, each comprising of open plan living areas with reverse cycle air conditioning, three bedrooms, all with built-in robes, a modern bathroom, and a secure lock-up garage with internal access. What sets this property apart is that both units are on a single title, with options available for a Torrens Title change, subject to TRC approval.

Unit 1 - The Perfect Tenant, The Perfect Investment
Unit 1 has been impeccably well maintained with a reliable source of income since its construction in 2006, with the same excellent tenant in place. Currently below market value paying $350 per week, this lease extends until 2nd June 2024, ensuring a steady return on your investment.

Unit 2 - Fresh and Ready for a New Beginning
This property, has been thoughtfully refreshed, featuring fresh paint throughout and brand-new carpets. This spacious unit is move-in ready, inviting you to find a new tenant and start generating income immediately. With a rental appraisal of approx. $400 per week.

If you're an investor looking for consistent returns wanting to expand your portfolio this property has the versatility to match your goals. Low maintenance, high reward.

TRC rates $4000 approx. for a registered company as an individual theses rates will be less.
Rental appraisal approx. $400 per week, each.

To learn more about this exceptional property or to arrange an inspection, please contact Bryan Bolitho 0408 394 939. This is an opportunity that won't last long and shouldn't be missed.

Property History for 22 Croydon Ave, South Tamworth, NSW 2340

A timeline of how this property has performed in the market
Last Sold
$80,000
24 Nov 2003
Listed for Rent
$420/w
26 Nov 2023
  • 22 Nov 2023
    Listed for Rent $420 / week
  • 24 Oct 2023
    Listed for Sale $790,000
  • 18 Aug 2023
    Listed for Rent $400 / 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 3,608 properties. Over the last 5 years, Houses in South Tamworth have seen a 57.31% increase in median value, while Units have seen a 63.36% increase. As at 30 September 2024:

  • The median value for Houses in South Tamworth is $414,953 while the median value for Units is $351,846.
  • Houses have a median rent of $415 while Units have a median rent of $300.
There are currently 19 properties listed for sale, and 12 properties listed for rent in South tamworth on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in South tamworth.

Suburb Insights for South Tamworth 2340

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.