Back 1 + 2/70 Petra Avenue
Off Market

1 + 2/70 Petra Avenue

South Tamworth NSW 2340

4
2
2
Duplex Semi-Detached
Last sold for $550,000
Tania ClareTania Clare, last sold this property on 28 May 2025 after -9 days on market.

Overview

Solid Duplex with Long-Term Tenants

Positioned in a quiet residential pocket of South Tamworth, Units 1+2/70 Petra Avenue present an exceptional opportunity for the savvy investor. This neat and functional duplex offers two mirror-image units, both with long-term tenants in place, ensuring immediate returns from day one. Each unit features a well-considered layout with two generously sized bedrooms, both equipped with built-in robes-ideal for added storage and tenant appeal. The open-plan living and dining space flows seamlessly into a practical kitchen with an electric cooktop and oven, offering low-maintenance functionality. The central bathroom is serviceable with a separate toilet, and each unit also includes an internal laundry for everyday convenience. Outside, tenants will enjoy a well-proportioned backyard-rare for duplex living-plus the added benefit of a single carport per unit. Set on a spacious 860m² block and currently leased at $280 per week per unit to reliable, long-term tenants, this property is a true set-and-forget investment in one of Regional NSW's strongest performing rental markets. Investment Highlights • Strong Rental Yields: Secure tenancies currently yield approximately 5%, providing immediate and stable income. • Unit 1: $280p/w, increasing to $300p/w as of the 27/6/25, lease until 12/11/2025 • Unit 2: $280 p/w, lease until 26/06/2025 Property Features • Two x 2-bedroom duplex units, sold as one • Built-in robes to all bedrooms • Functional kitchens with electric cooktops and oven • Internal laundries and separate toilets • Single carport for each unit • Spacious backyard space • Long-term, reliable tenants in place • Rates approx. $4,300 p/a, Land Size: 860m² * This information has been prepared to assist solely in the marketing of this property. Whilst all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
Duplex Semi-Detached

Estimated Value

Based on this property and similar 4 bedroom duplex semi-detached properties sold in South Tamworth over the last 12 months, the estimated median property value of 1 + 2/70 Petra Avenue is $660.75k.

Median value
$660.75k
Estimated value range
$550k - $745k
Median days on market
25
Estimated value trend
23%
increase over the last 12 months
Average days on market is based on recent, comparable sales in South Tamworth. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 + 2/70 Petra Avenue

2025
Sold
$550,000
28 May 2025 by Tania Clare, of Partner Now Property Tamworth

Happy sellers in South Tamworth

94%
94% of sellers in South Tamworth reported that their sale price either exceeded or met their price expectations.

South Tamworth stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 47 reviews in South Tamworth over the last 12 months.

Local market activity for 4 bedroom duplex semi-detached properties in South Tamworth

In the last 12 months, 3 four-bedroom duplex semi-detached properties similar to 1 + 2/70 Petra Avenue, have been sold.

This represents a 40% increase in four-bedroom duplex semi-detached properties sales when compared to the previous 12 months.

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