Dual income | $850/wk rent | ~5% gross yield | 847m². value-add upside
4 bedroom
3 bathroom
4 garage
847.00 m2 Land area
OFFERS INVITED
$850/WEEK RENT | $44,200 P.A. | ~5.0% GROSS YIELD
A genuine dual-income opportunity offering two separate dwellings on one substantial 847m² title, currently generating approximately $850 per week in combined rental income.
With $44,200 in annual gross rent, this property provides an immediate income stream while offering further potential to improve, renovate or explore future value-add opportunities, subject to council and relevant approvals.
INVESTMENT SNAPSHOT
* $850/week combined rental income
* $44,200 gross annual rent
* ~5.0% gross yield at $879,000
* 847m² land
* Two separate dwellings on one title
* 3-bedroom dwelling + separate 1-bedroom dwelling
* Separate access and outdoor areas
* Secure parking for each dwelling
* Established rental history
* Potential value-add opportunity
* Ideal for investors or multi-generational families
WHY THIS PROPERTY STANDS OUT
The combination of dual rental income, substantial land and two separate living spaces provides flexibility that a conventional single dwelling doesn’t.
The property is already producing approximately $850 per week, providing an attractive starting point for an investor, while the existing improvements and land component provide scope for future enhancement.
The separate dwellings also make the property particularly suited to multi-generational living, where family members can maintain their own independent living spaces while remaining on the same property.
LOCATION
Positioned in the established Hillvue area of Tamworth, the property is conveniently located close to local shopping, schools, sporting facilities, medical services and major infrastructure.
Tamworth continues to benefit from ongoing residential and infrastructure investment, supporting the area’s appeal to both owner-occupiers and investors.
INSPECTIONS
Private inspections are available by appointment.
Please contact the owner to arrange a suitable inspection time.
IMPORTANT INFORMATION
The property is being offered for sale privately.
Any future strata-title, redevelopment or other value-add opportunities are subject to appropriate investigations, council requirements, approvals and feasibility. Buyers should make their own enquiries and satisfy themselves regarding any proposed use.
Offers invited.
|
Unit Number: |
Unit 1 and Unit 2 |
|
Street Number: |
38 |
|
Street Name: |
Coorigil Street |
|
Province / State: |
NSW |
|
City / Suburb: |
Hillvue |
|
Postal code / ZIP: |
2340 |
| Status: |
For Sale |
| Property Type: |
Residential |
| Category: |
House |
| Land Area: |
847.00 m2 |
No open times found.
