97/99 Ambrose StreetTennant Creek NT 0860
Property Details for 97/99 Ambrose St, Tennant Creek
97/99 Ambrose St, Tennant Creek is a 9 bedroom, 9 bathroom House with 9 parking spaces. The property has a land size of 2000m2.
Last Listing description (October 2024)
Gross rent income of $161,200 pa showing 13.5% return on investment.
This property has been tightly held in a family portfolio as a jewel in their crown of income.
Due to retirement and relocation, this investment opportunity is now available to be purchased.
Situated on approx. 2000 sqm of land is a collection of 9 dwellings all securely leased.
Generally described as transportable dwellings, they have been refurbished and are quite sort after showing minimal vacancy rate.
What we like about this property:
Location adjacent main street
Fenced allotment
Landscaped
Multiple income stream from 9 tenancies
Appeals to corporate tenants and sole occupiers.
Attractive rent return
Rent amounts reflect current market conditions
Township region as low vacancy rates
It is rare to see genuine high return residential property come available, this is an easy property to own generating great income.
Property History for 97/99 Ambrose St, Tennant Creek, NT 0860
- 03 Oct 2024Listed for Sale $1,200,000
- 28 Jun 2024Listed for Sale $1,200,000
- 22 Dec 2023Listed for Sale $1,350,000
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0About Tennant Creek 0860
The size of Tennant Creek is approximately 42.1 square kilometres. It has 13 parks covering nearly 1.3% of total area. The population of Tennant Creek in 2011 was 3,060 people. By 2016 the population was 2,984 showing a population decline of 2.5% in the area during that time. The predominant age group in Tennant Creek is 20-29 years. Households in Tennant Creek are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Tennant Creek work in a professional occupation. In 2011, 34.6% of the homes in Tennant Creek were owner-occupied compared with 29.7% in 2016.
Tennant Creek has 1,515 properties. Over the last 5 years, Houses in Tennant Creek have seen a 14.66% increase in median value, while Units have seen a 173.57% increase. As at 31 October 2024:
- The median value for Houses in Tennant Creek is $239,654 while the median value for Units is $160,659.
- Houses have a median rent of $440.
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