$592,000

8 Bed  •  4 Bath  •  1 Car  •  682m²

PRD - Liverpool Plains
Main view of Homely block of units listing, 18 Abbott Street, Quirindi NSW 2343
Floorplan of Homely block of units listing, 18 Abbott Street, Quirindi NSW 2343
Second view of Homely block of units listing, 18 Abbott Street, Quirindi NSW 2343
+33

Sold

18 Abbott Street, Quirindi NSW 2343

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$592,000

  • 8
  • 4
  • 1
  • 682m²

Block of Units Sold on Fri 30 Aug, 2024

What's around Abbott Street

Block of Units description

“Returning $1070.00 per week!”

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 features

airConditioning

Air Conditioning

builtInRobes

Built-in Robes

courtyard

Courtyard

floorboards

Floorboards

livingAreas

Living Areas: 4

Other features

0

Building details

Area: 280m²

Land details

Area: 682m²

Interactive media & resources

Suburb review from the agent

Liz Morris

Liz Morris

PRD - Liverpool Plains

“Quirindi is a charming rural town”

Quirindi is a charming rural town located in the North West Slopes region of New South Wales. Known for its friendly community and picturesque landscapes, Quirindi offers a peaceful lifestyle with essential amenities and services. Quirindi is situated approximately 350 kilometers north of Sydney and about 60 kilometers southwest of the regional city of Tamworth. The drive to Tamworth takes roughly 45 minutes, providing access to larger shopping centers, hospitals, and additional services. Regular train services also connect Quirindi to Sydney and Tamworth, offering convenient travel options for residents. Quirindi boasts a range of educational facilities, making it an excellent choice for families. The town is home to Quirindi Public School and Quirindi High School, both known for their dedicated staff and supportive learning environments. There is also St. Joseph's Primary School, a Catholic institution providing quality education with a strong community focus. For further education, Tamworth offers several additional schooling options and a campus of the University of New England. Quirindi is surrounded by natural beauty, with numerous parks and recreational areas for residents to enjoy. Longfield Park is a popular spot, featuring sports fields, a skate park, and a playground. Quirindi Common offers walking trails and picnic areas with stunning views of the surrounding countryside. The town offers a variety of dining options, reflecting its diverse community. For casual dining, The Royal Theatre Quirindi Café is a local favorite, known for its friendly atmosphere and delicious meals. The Quirindi RSL Club provides a range of dining choices, from bistro meals to more formal dining experiences. For something different, The Plains Pantry in Willow Tree, a short drive away, offers gourmet food and a charming country ambiance. The local pubs and cafes also provide hearty meals and a chance to mingle with the friendly locals.Quirindi, NSW 2343, offers a serene and welcoming environment with essential amenities, quality education, beautiful parks, and a variety of dining options. Its proximity to Tamworth ensures that residents can enjoy the benefits of rural living while still having access to city conveniences. Whether you're raising a family or seeking a quieter lifestyle, Quirindi provides a perfect balance of community spirit and natural beauty.

View all reviews of Quirindi, NSW 2343
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Fourth view of Homely block of units listing, 18 Abbott Street, Quirindi NSW 2343View more

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