60A Claude StreetArmidale NSW 2350
Property Details for 60a Claude St, Armidale
Last Listing description (May 2014)
Land - Four Lots in One Line
Buy and Build and they will pay for themselves!
This is a rare opportunity for builders and developers, or others looking to try their hand at real estate development with a low cost entry level project.
With preliminary development work already attended to, the land is now subdivided into four 309 sqm lots however, it is intended to sell the four Torrens title lots in one line.
The property has previously had development approval for the construction of four 3 bedroom plus study homes and there is always demand for rental properties in this thriving community. Rental return around 9% pa would be expected and indicates strong potential to positively gear.
May be suitable for investors establishing or adding to a property portfolio, syndicates, and self managed superannuation schemes.
The price guide of $65,000 per lot indicates a price expectation of $260,000 for the four lots together. For further information - contact the agent.
Please note that the agent has an interest in this property.
Property History for 60a Claude St, Armidale, NSW 2350
- 07 Jun 2023Sold for $640,000
- 12 May 2014Sold for $120,000
- 12 Feb 2014Listed for Sale GUIDE $65,000 PER BLOCK
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0About Armidale 2350
The size of Armidale is approximately 268.8 square kilometres. It has 41 parks covering nearly 2.3% of 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 13,834 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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