7 Salmon Avenue
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About this property
With three residences cleverly constructed on a deep block in a prized neighbourhood, an incredible opportunity awaits a savvy investor or owner occupier looking for an additional income stream. A classic 1970s build, focusing on quality construction, the main residence boasts a choice of living areas, freshly painted interiors, two bathrooms and a recently renovated kitchen. The second residence offers two large bedrooms with built ins and a back terrace overlooking a peaceful and private back yard. A third residence is a neat and tidy studio with bathroom, perfect for visiting family and friends. With strong income potential and further opportunities to add value (STCA) and set in a sought-after pocket with shops, schools and parks all close by, this impressive asset is a rare find. - Low maintenance double brick construction - Tightly held street in sought after neighbourhood - Current Rental $800 per week - 2 lock up garages - Potential to add further value STCA - Affordable living with rental yield - Spacious open plan living, dining and kitchen - Additional two living areas for growing family - Second living opens onto peaceful terrace - 3 bedrooms, 2 with built-in wardrobes - Recently renovated kitchen, ample bench space - Gas heating and 2 reverse cycle air con units - Two bathrooms, one with bath, separate toilet - Oversized laundry, storage and additional toilet - Security camera system, plentiful storage throughout Residence 2 - 2 large bedrooms, both with built-ins - Spacious kitchen with electric stove - Bathroom with separate toilet - Large laundry with external access -Spacious studio with bathroom Disclaimer: We have obtained all information from sources we believe to be reliable, however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 6
- Bathrooms
- 4
- Parking
- 3
- Land Area
- 980 m²
- Listed
- 2 days ago
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Neighbourhood
Living in Armidale
This 6-bedroom house in Armidale, NSW 2350 sits within reach of public transport, local shops and nearby schools. It is listed 45% above the $577,500 median of 66 comparable houseswithin 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
- Markham St after Dumaresq St (bus) — 1.7 km away
- New England Locksmiths — 1.2 km away
- Central Park — 743 m away
- St Ursula's College Sportsground — 1.1 km away
- Curtis Park — 1.1 km 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 · House 3 bed
Compound growth +8.4% / yr over 4 yrs
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Full Armidale marketThis listing
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