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  • 24 Croydon Avenue, TAMWORTH, NSW 2340

24 Croydon Avenue, Tamworth, NSW 2340

  • 6 Bed
  • 2 Bath
  • 2garages

Sold

Sold for $750,000 on Dec 13, 2023

Investor's Dream: Dual Income Property, Low Maintenance & High Reward.

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.

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avatar Bryan Bolitho
Bryan Bolitho
Principal

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Property Info:
  • Property ID: L25107828
  • Property Type:House
  • Garages:2
  • Land Area:809 sqm
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R&H Suburb Profile: Tamworth
R&H Suburb SummaryHouses
Number of sales99
Average Price$762,561
Median Price$650,000
Median Rental Price$460 p.w.
Change in Rental Rate (5yr)28 %
R&H Suburb SummaryUnits
Number of sales21
Average Price$363,762
Median Price$365,000
Median Rental Price$350 p.w.
Change in Rental Rate (5yr)28 %
Median Trend - $650,000
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