18 Abbott StreetQuirindi NSW 2343
Property Details for 18 Abbott St, Quirindi
18 Abbott St, Quirindi is a 8 bedroom, 4 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 683m2. While the property is not currently for sale or for rent, it was last sold in August 2024.
Last Listing description (October 2024)
Quirindi has emerged as a hot spot for property investment, offering a unique opportunity for investors seeking substantial returns. The area boasts a growing demand for rental properties, making it an attractive option compared to other similar investment locations. Investing in a block of units with secured tenants not only maximizes income potential but also reduces the risk associated with relying on a single property. You can own multiple units generating diverse rental income.
This strategy not only enhances cash flow but also provides a buffer against vacancy and market fluctuations, solidifying Quirindi as an exceptional investment choice.
The property features four 2-bedroom, 1-bathroom units, each unit is currently tenanted, generating a combined rental income of $1070.00 per week. Ideally situated within walking distance of the main street, schools, and a hospital, these units have been fully updated within the last five years. Each unit boasts self-contained living spaces with open-plan layouts and well-equipped kitchens. The bathrooms feature a combined laundry area, complete with a shower, vanity, laundry tub, and toilet, while one of the units includes a dedicated laundry cupboard. This outstanding rental property is located in a peaceful area, elevated for added appeal.
In the ever-changing landscape of property investment, rare occurrences that present unique opportunities are often few and far between. One such occurrence in Quirindi is the chance to acquire a block of units in a region where growth projections indicate a significant increase in property values. The convergence of rising rental demand with limited housing supply creates a perfect storm for investors. Such a scenario is not just a fleeting moment; it's an opportunity that can lead to substantial capital appreciation over time. With interest rates stabilizing and investor confidence on the rise, this is a prime moment for those looking to expand their portfolios. Missing out on this chance could mean foregoing years of potential wealth creation; seasoned investors understand that the best options seldom last long.
Council Rates: $4400 p/a
Water Usage: $1000 p/a
Insurance: $130 p/m per unit
**information has been advised by vendors and buyers are requested to their own enquiries**
Property History for 18 Abbott St, Quirindi, NSW 2343
- 30 Aug 2024Sold for $592,000
- 10 Aug 2024Listed for Sale Not Disclosed
- 15 Mar 2023Sold for $470,000
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0About Quirindi 2343
The size of Quirindi is approximately 411.0 square kilometres. It has 12 parks covering nearly 0.3% of total area. The population of Quirindi in 2016 was 3444 people. By 2021 the population was 3355 showing a population decline of 2.6% in the area during that time. The predominant age group in Quirindi is 60-69 years. Households in Quirindi are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Quirindi work in a professional occupation.In 2021, 67.30% of the homes in Quirindi were owner-occupied compared with 65.40% in 2016.
Quirindi has 2,165 properties. Over the last 5 years, Houses in Quirindi have seen a 89.53% increase in median value, while Units have seen a 45.15% increase. As at 31 January 2026:
- The median value for Houses in Quirindi is $385,518 while the median value for Units is $365,451.
- Houses have a median rent of $470 while Units have a median rent of $255.
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