1-4/5 Solomon AvenueArmidale NSW 2350
Property Details for 1-4/5 Solomon Ave, Armidale
1-4/5 Solomon Ave, Armidale is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 780m2.
Last Listing description (July 2020)
Here is a great opportunity to acquire a block of four units located in a quiet street close to the hospital & CBD. These units are very popular and show an excellent rental history with exceptional returns. Each unit comprises two bedrooms with built-in wardrobes, open plan living and dining space, kitchen with gas cooking & ample bench and cupboard space, bathroom with shower, vanity & toilet, undercover parking and each unit with their own private north facing small yard. The units are full brick and have been well maintained. This is a great investment opportunity to add to your existing portfolio, purchase in your self-managed super fund or a great starting point into the investment market. All units are currently leased and returning approximately $43,000 per annum gross.
For more information contact the exclusive listing agent, Gail Schaefer of uphillschaefer real estate on 6772 1200 or mobile 0412 410 949.
Property History for 1-4/5 Solomon Ave, Armidale, NSW 2350
- 15 Jun 2020Listed for Sale $700,000
Recent sales nearby
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0About Armidale 2350
The size of Armidale is approximately 268.8 square kilometres. There are 41 parks, covering nearly 2.3% of the total area. The population of Armidale in 2016 was 23352 people. By 2021 the population was 23967 showing a population growth of 2.6% in the area during that time. The predominant age group in Armidale is 20-29 years. Households in Armidale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Armidale work in a professional occupation.In 2021, 59.20% of the homes in Armidale were owner-occupied compared with 57.70% in 2016.
Armidale has 13,868 properties. Over the last 5 years, Houses in Armidale have seen a 83.67% increase in median value, while Units have seen a 86.87% increase. As at 30 June 2026:
- The median value for Houses in Armidale is $644,001 while the median value for Units is $434,042.
- Houses have a median rent of $510 while Units have a median rent of $370.
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