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3/15 Queen Elizabeth Drive, Armidale$320,000
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3/15 Queen Elizabeth Drive

Armidale, NSW 2350, Australia
$320,000
2 bed 1 bath 1 car

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About this property

Low-Maintenance Unit with Long-Term Tenant - Strong Investment Opportunity Set away from the road in a well-kept complex of just three, this tidy two-bedroom unit presents an outstanding set-and-forget investment in a convenient Armidale location. Built in 1980 and positioned on a generous 969 sql block (complex size), the property offers practical, low-maintenance living with reliable rental income already in place. Inside, the unit features two comfortable bedrooms, a functional bathroom, and a lockable single garage. The layout is straightforward and easy to maintain, making it ideal for investors or future owner-occupiers seeking a manageable property in a proven location. A long-term tenant is currently in place and would very much like to remain, providing immediate continuity and income. The property is presently returning $305 per week, making it a smart addition to any portfolio. Features include: 2 good-sized bedrooms 1 bathroom Lockable single garage Set back from the road for added privacy Well-kept complex of only 3 units Long-term tenant in place wishing to stay Currently rented at $305 per week, Strata approx. $1,100 per quarter Low-maintenance, easy-care investment For further details or to arrange an inspection, contact Paul Schmude - 0417 653 754. Disclaimer: All information contained here is gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and interested parties should rely on their own enquiries.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
1
Listed
3 months ago

Repayment calculator

$1,551/month
$776 /fortnight
Loan $256,000 at 6.10% over 30 years

Upfront costs

Deposit$64,000
Stamp duty$8,112
Conveyancing (est.)$2,000
Total upfront$74,112
Verify with NSW revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Armidale

This 2-bedroom apartment in Armidale, NSW 2350 sits within reach of public transport, local shops and nearby schools. It is listed 37% below the $505,000 median of 74 comparable apartmentswithin 5 km.

Schools near Armidale

  • New England Girls' Schoolcombined · K-12 · CoEd
  • OneSchool Global NSW - Armidalecombined · 3-12 · CoEd
  • PLC Armidalecombined · K-12 · Girls
  • The Armidale Schoolcombined · K-12 · CoEd
  • The Armidale Waldorf Schoolcombined · K-11 · CoEd
  • Armidale City Public Schoolprimary · K-6 · CoEd

What's nearby

  • Opp. Girraween Shops (bus)49 m away
  • Westside Laundromat98 m away
  • West Armidale Regenerative Permaculture236 m away
  • Unnamed291 m away
  • Unnamed387 m away

Armidale at a glance

Full suburb profile
Population
23,967
Median age
36
Household income
$1,432/wk
Median rent
$290/wk
Median mortgage
$1,500/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Armidale price trend

Median sold · Unit 2 bed

Compound growth +3.5% / yr over 4 yrs

$330kcurrent median

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