6 Orange St, Parkes is a 6 bedroom, 6 bathroom Unit with 2 parking spaces. The property has a land size of 783m2. While the property is not currently for sale or for rent, it was last sold in March 2013.
An outstanding opportunity for investors, this property offers six hotel-style, self-contained studio units in a quiet East Parkes location. Positioned to provide consistent rental income, this complex is an excellent addition to any income-based investment portfolio.Each unit features one bedroom, one bathroom and a kitchenette, providing comfortable, low-maintenance living for tenants. The complex also includes a shared laundry facility for added convenience. Recently refreshed with new carpet and fresh paint, the units present neatly and are ready to continue generating income.All units are equipped with reverse cycle air conditioning, ensuring year-round comfort and appealing accommodation for occupants.Importantly, the complex has maintained an exceptionally low vacancy rate during the current ownership, highlighting the strong rental demand and reliable occupancy this property offers.Current rental details include: Unit 1 - $175 per week, fully furnished Unit 2 - $175 per week, furnished bedset Unit 3 - $175 per week, furnished bedset Unit 4 - $175 per week, furnished bedset Unit 5 - $175 per week, furnished bedset Unit 6 - $175 per week, furnishedWith multiple income streams from six individual units, this property presents a rare opportunity to secure a compact unit complex.Contact selling agent Jim O'Donoghue today for further information.Council rates: $4,713.58 per annum
The size of Parkes is approximately 975.0 square kilometres. It has 38 parks covering nearly 12.0% of total area. The population of Parkes in 2016 was 11408 people. By 2021 the population was 11324 showing a population decline of 0.7% in the area during that time. The predominant age group in Parkes is 10-19 years. Households in Parkes are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a professional occupation.In 2021, 66.50% of the homes in Parkes were owner-occupied compared with 64.60% in 2016.
Parkes has 6,910 properties. Over the last 5 years, Houses in Parkes have seen a 64.09% increase in median value, while Units have seen a 21.38% increase. As at 30 April 2026:
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