10/10-12 Lorraine St, West Tamworth is a 0 bedroom, 1 bathroom Unit and was built in 1950. The property has a land size of 1189m2.
What an investment these units are, when all tenanted, they return approximately $1,200.00 per week in rental income.
8 x bedsit units with separate bathrooms & kitchens.
4 have been upgraded with new reverse cycle air conditioning units, shelving & paint plus their own laundry rooms. There are also 2 communal laundry rooms on-site.
The size of West Tamworth is approximately 6 square kilometres. It has 17 parks covering nearly 28% of total area. The population of West Tamworth in 2011 was 5,347 people. By 2016 the population was 5,206 showing a population decline of 2.6% in the area during that time. The predominant age group in West Tamworth is 20-29 years. Households in West Tamworth are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Tamworth work in a labourer occupation. In 2011, 46.1% of the homes in West Tamworth were owner-occupied compared with 45.6% in 2016.
West Tamworth has 3,068 properties. Over the last 5 years, Houses in West Tamworth have seen a 68.81% increase in median value, while Units have seen a 57.40% increase. As at 30 November 2024:
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