HIGH RENTAL INCOME, REGISTERED AND READY! - ARMIDALE NSW

Buyer demand in Armidale is driven by the city's afordability, lifestyle and strong infrastructure. Armidale is undoubtedly the main place in the LGA for buying demand, followed by Guyra. Since 2020 the median house price in Armidale has increased by 38% while the median unit price is up by 9%. The perfect block! Location is minutes to Armidale CBD, University of New England, and the Armidale Hospital Armidale is a city in the Northern tablelands of NSW. It is known for its tree lined streets, heritage buildings and diverse culture. Spectacular landscape and numerous heritage National Parks make it a great place to explore. The vineyards and wineries provide excellent cool climate wines. This plus a diverse food culture make this a food lovers paradise. Armidale is one of the strongest economies in Regional NSW - with Research and Education, top agricultural and horticultural produce, and its sophisicated urban hub it is a most attractive city. The Uni of New England offers many diversified courses attracting many young professionals to the area. This coupled with a large General Hospital plus the ancillary health care associated with this, this area has a high demand for housing and accommodation: - VERY STRONG MARKETPLACE WITH HIGH DEMAND FOR HOUSING DUAL - Two contracts UNIT 1: 3 BEDS, 2BATH AND 1 CAR UNIT 2: 3 BEDS, 2 BATH , 0 CAR Land size: 1531m2 Land Price: $330,000. (owner will accept offers!) Dwelling total size: 148m2 Belmont 148 design Rental estimate: $940 total per week estimated The Planning team doesn't believe it will be possible to subdivide this block, once the dual has been completed there will be minimal space to build anything else that would comply with the councils' requirements. In saying this you would be able to build a custom granny flat solutions however it would be on the same title/same address, but it can be leased out. Unlock the potential of this prime 1,531m2 allotment in central South Armidale which is ready for you to create your custom home. Nestled amongst quality houses and on a leafy and sought-after street, you just need to bring your vision and wish list so you can build a brand-new residence to meet all your needs. Occupying a central location close to parks and schools, make the most of being within walking distance of the Goldfish Bowl Bakery and Café, Armidale War Memorial Library, fruit markets and more. It's also just three blocks from the CBD, where all the amenities of Armidale Central Shopping Centre await. TO PURCHASE: EOI with initial holding deposit to be paid of $1000 Subject to Finance: 21 days from date of land contract Land settlement: 14 days after finance approval Build timeframe- 8 - 10 months estimate Progressive staged construction loan is required THIS PROPERTY IS NOT YET CONSTRUCTED. IT IS BEING SOLD OFF THE PLAN This property is subject to being available at time of your enquiry. For SALE: $886,000 KAYE TILLEY 0418 823 046