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Description: 50 Martin Street, Armidale
Situated on a substantial 4,373m2 block between Armidale CBD and the University of New England this unique offering of two separate homes. This presents an effortless move-in ready opportunity for investors or multi-generational families looking for a dual residence on one large block. Both residences have been thoughtfully renovated with practical modern touches, including fresh neutral paint, timber style flooring and clean white cabinetry. The current rent potential is approximately $630 per week with room to add multiply dwellings subject to council approvals on the remaining vacant land.
The front house offers:
Three bedrooms plus the master has a newly renovated ensuite
Modern galley style kitchen with new appliances
New paint throughout
Polished timber floors
Separate fenced yard
Currently leased at $370 per week with excellent tenants
Back house:
Has three bedrooms or has multiple bedroom or living area arrangements
Newly renovated kitchen with northern aspect
Modern bathroom
New painted and new flooring through out
Located at the at of the site is a large 20x16m shed for equipment storage or additional parking is on-site plus there is ample potential for further development. Currently, the estimated return is $630 per week for both homes, making this a terrific choice for a family looking to spread out or for a savvy investor seeking a strong yield. Offering convenient access to UNE, childcare and the Giraween Shopping Centre, this is a unique property opportunity. Contact Jeremy Creagan on 0401 508 801 to arrange an inspection today. *All information contained here is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries*
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