1 Donnelly StreetArmidale NSW 2350
Property Details for 1 Donnelly St, Armidale
1 Donnelly St, Armidale is a 18 bedroom, 11 bathroom Unit with 7 parking spaces and was built in 1950. The property has a land size of 8134m2 and floor size of 140m2.
Last Listing description (May 2025)
190 Donnelly Street presents a prime turnkey investment opportunity for investors seeking consistent returns and potential for further growth. This seven-unit strata-titled complex boasts a gross return of approximately $125,320 per annum, with ample room for increased yield and capital appreciation through strategic enhancements and potential development.
The property features a mix of three-bedroom, double-bathroom units and two-bedroom units, each offering modern amenities such as secure parking, private veranda's, internal laundry facilities, and high-speed NBN fibre connectivity. Constructed with durability in mind, the complex is built of double brick and tile, ensuring minimal maintenance and long-term reliability.
Several units have undergone renovations, including updated kitchens, bathrooms, flooring, and paint, reflecting a commitment to quality and modernisation. With a history of low vacancy rates, some long term tenants (in excess of 25 years) , the well-maintained dwellings demonstrate the appeal of the property to tenants, supported by engaged and invested current owners.
Strategically located midway between Armidale's town centre and the University of New England, 190 Donnelly Street offers convenience and accessibility, catering to both local residents and students. Whether you're an experienced investor seeking a stable income stream or looking to capitalise on the growth potential of Armidale's market, this property is an opportunity worth considering.
Contact Cayne Moar on 0431 435 958 for further information or to book your 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*
Property History for 1 Donnelly St, Armidale, NSW 2350
- 24 Feb 2025Listed for Sale $1,950,000
- 19 May 2024Listed for Sale Contact Agent
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 13,875 properties. Over the last 5 years, Houses in Armidale have seen a 78.69% increase in median value, while Units have seen a 83.12% increase. As at 31 July 2026:
- The median value for Houses in Armidale is $627,129 while the median value for Units is $442,333.
- Houses have a median rent of $510 while Units have a median rent of $370.
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