24 Elder RoadGriffith NSW 2680
Property Details for 24 Elder Rd, Griffith
24 Elder Rd, Griffith is a 7 bedroom, 4 bathroom Unit with 3 parking spaces and was built in 1999. The property has a land size of 1028m2 and floor size of 95m2.
Last Listing description (August 2023)
24 Elder Road, Griffith, NSW 2680 ??
Calling all astute investors! We are excited to present a phenomenal real estate gem in the thriving city of Griffith. Welcome to 24 Elder Road, a well-maintained property comprising two 2-bedroom units, each with its own lock-up garage, and a stunning free-standing 3-bedroom villa with an ensuite and walk-in robe in the master bedroom. With all three units currently tenanted, this is an exceptional opportunity to secure a long-term investment with a proven track record of reliable tenancy. Three master built units, all on one title is a rare opportunity to take advantage of given the scarcity of land to develop this type of investment and the associated build costs that continue increase!
?? KEY FEATURES ??
1?? Immediate Cash Flow: This property offers an outstanding cash flow opportunity, thanks to the three fully tenanted units. Benefit from immediate rental income and enjoy the peace of mind that comes with a property that has consistently attracted and retained quality tenants.
2?? Versatility and Demand: With a mix of two 2-bedroom units and a spacious 3-bedroom villa, this property caters to a wide range of tenants, ensuring continuous demand in the rental market. Investors have the flexibility to target various demographics, from young professionals to small families, maximizing occupancy rates and potential rental returns. The three bedroom villa is also a perfect property to downsize to as an owner occupier whilst benefit from the cash flow of the duplex.
3?? Great Condition: The property at 24 Elder Road has been well maintained, ensuring a turnkey investment opportunity. No short term renovations or upgrades are required, saving you time and money. Simply step into a property that is ready to generate income from day one.
4?? Ideal Location: Situated in a sought-after location in Griffith, this property benefits from its proximity to essential amenities, including shopping centers, educational institutions, healthcare facilities, and recreational options. The convenient location adds further appeal to potential tenants, guaranteeing a steady pool of interested applicants. The Location is the perfect central position to the CBD and one of Griffith's largest employers, Baiada Steggles.
5?? Long-Term Investment: With a proven track record of reliable tenancy, 24 Elder Road offers a solid foundation for a long-term investment strategy. Take advantage of the consistent rental income and the potential for future appreciation, ensuring a stable and prosperous investment venture.
?? PROPERTY DETAILS ??
Unit 1: 2 bedrooms, lock-up garage, open plan living, split system heating and cooling, built in wardrobes
Unit 2: 2 bedrooms, lock-up garage, open plan living, split system heating and cooling, built in wardrobes
Villa: 3 bedrooms, ensuite and walk-in robe to master bedroom, generous open plan living, ducted reverse cycle heating and cooling, lock up garage and enclosed courtyard.
Don't miss this exceptional investment opportunity! Secure your future with a property that offers cash flow, versatility, and a proven tenancy history. Contact us today to arrange a viewing and discover the untapped potential of 24 Elder Road, Griffith, NSW 2680.
Property History for 24 Elder Rd, Griffith, NSW 2680
- 21 Jun 2023Listed for Sale Not Disclosed
- 03 Dec 2020Listed for Rent $320 / week
- 13 May 2019Listed for Rent - Price not available
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0About Griffith 2680
The size of Griffith is approximately 52.0 square kilometres. It has 78 parks covering nearly 13.9% of total area. The population of Griffith in 2016 was 18196 people. By 2021 the population was 19505 showing a population growth of 7.2% in the area during that time. The predominant age group in Griffith is 30-39 years. Households in Griffith are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Griffith work in a labourer occupation.In 2021, 58.00% of the homes in Griffith were owner-occupied compared with 58.90% in 2016.
Griffith has 10,079 properties. Over the last 5 years, Houses in Griffith have seen a 56.22% increase in median value, while Units have seen a 17.54% increase. As at 31 March 2026:
- The median value for Houses in Griffith is $589,032 while the median value for Units is $369,876.
- Houses have a median rent of $528 while Units have a median rent of $420.
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