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  • 1 Caroline Street, ORANGE, NSW 2800

1 Caroline Street, Orange, NSW 2800

  • 7 Bed
  • 3 Bath
  • 3garages

Sold

Sold for $1,200,000 on Oct 06, 2023

Deceased Estate - 3 Dwellings on the 1 Holding - Earning An Income, Offering Unlimited Potential, Including the Ability to Value Add

1 Caroline Street, 1/1A Caroline Street & 2/1A Caroline Street, Orange

This unique multiple occupancy holding comprises a 3 bedroom rendered double brick home & 2 x 2 bedroom Duplex style Townhouses, all on the one Title. They currently earn a Weekly Income of $ 1,130.00 per week, with the potential to increase the Income, once the properties are updated. They are due for a makeover & they will earn you an Income, while you implement your upgrade plans, which would add value to the holding. The home is in original condition & includes a living room, dining room & adjoining kitchen, plus 3 double sized bedrooms, a bathroom with bathtub & handbasin, laundry & adjoining ensuite style bathroom, with shower recess & toilet, plus a carport. The 2 Townhouses each comprise an open plan living & meals area & adjoining kitchen with breakfast bench & laundry with second toilet downstairs & upstairs, 2 bedrooms with built-in wardrobes, the main with balcony, bathroom with corner bath/shower, vanity & toilet. The lock-up garage has internal access. Each dwelling has its own fenced yard & is metered separately, for services. It's the ideal holding for the Investor, looking to upgrade & increase the Rental Income, or even utilise them as air-BNB accommodation, the Owner/Occupier, who can live in one of the dwellings & earn an additional income from the other 2 dwellings, or even for the extended family. The possibilities are endless, as they are located in central & trendy east Orange, only 4 city blocks to the Summer Street shops & 3 city blocks to the Orange Railway Station. It's a holding that does have unlimited potential.

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avatar Roger Eddy
Roger Eddy
Director, Licensee & Property Consultant

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Property Info:
  • Property ID: L20982722
  • Property Type:Block of Units
  • Garages:2
  • Carports:1
  • Land Area:1030 sqm
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R&H Suburb Profile: Orange
R&H Suburb SummaryHouses
Number of sales809
Average Price$747,072
Median Price$680,000
Median Rental Price$550 p.w.
Change in Rental Rate (5yr)45 %
R&H Suburb SummaryUnits
Number of sales68
Average Price$500,691
Median Price$450,000
Median Rental Price$450 p.w.
Change in Rental Rate (5yr)64 %
Median Trend - $680,000
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