VERY AFFORDABLE DUAL - GREAT PROPERTY ARMIDALE, NSW - HIGH RENTAL INCOME

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%. 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, 1 BATH AND 1 CAR UNIT 2: 3 BEDS, 1 BATH Land size: 557m2 Land Price: $245,000 Dwelling total size: 137m2 Rental estimate: $930 total per week estimated 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 There is an alternative plan include and this one is a larger dual occupancy - the name of this design is the Byron 164 - so it is 164m2 in size. A price for the construction of this plan on this lot would need to be obtained from the building company. But the rental for this design is higher - estimated at approx. $1020 per week 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: $784,000 KAYE TILLEY 0418 823 046