4 Drummond AvenueArmidale NSW 2350
Property Details for 4 Drummond Ave, Armidale
4 Drummond Ave, Armidale is a 12 bedroom, 6 bathroom Unit with 6 parking spaces and was built in 1975. The property has a land size of 949m2. While the property is not currently for sale or for rent, it was last sold in February 2014.
Last Listing description (July 2024)
Attention all investors, this is the block of units you have been looking for! Located in a Central South location in City of Armidale, this rare block of 6 x 2 bedroom units, on a single title, is waiting for a new owner to reap the returns from this highly productive block.
These low maintenance units have been extensively renovated over the past years and are maintained to a high standard. The easy design inside makes these units easily rentable, currently returning a gross income of just over $85,800 per annum. Some of the features of the units are;
- Low maintenance block, located within walking distance to CBD and all services in the City.
- Well maintained and low maintenance yard space
- Unit 1 leased at $300/week.
- Unit 2 leased at $300/week.
- Unit 3 leased at $260/week
- Unit 4 leased at $260/week
- Unit 5 leased at $260/week
- Unit 6 leased at $270/week
This type of property is rare to the market, single title block of units in an excellent tightly held residential area of Armidale. Contact Michael Singleton on 0434714788 for more information.
*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 4 Drummond Ave, Armidale, NSW 2350
- 31 May 2024Listed for Sale $1,325,000
- 14 Mar 2024Listed for Rent $310 / week
- 22 Dec 2023Listed for Sale $1,325,000
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 13,846 properties. Over the last 5 years, Houses in Armidale have seen a 77.63% increase in median value, while Units have seen a 45.16% increase. As at 30 April 2026:
- The median value for Houses in Armidale is $612,609 while the median value for Units is $344,825.
- Houses have a median rent of $500 while Units have a median rent of $370.
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