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5/87 Gardiner Rd

Orange NSW 2800

3
1
1
Unit
Currently for sale - view listing

Overview

Income-Generating Investment, in a Prime Central Location

Positioned in a quiet & centrally located complex, this spacious 3-bedroom unit presents an outstanding opportunity for investors seeking a low-maintenance property, as it's currently leased & earning an Income of $ 430.00 per week, providing an established rental return. Conveniently located just a short walk from Orange CBD, the Summer Street shops, local schools, parks & walking tracks, this property combines lifestyle appeal, with long-term investment potential. The sunny north-facing living area offers year-round comfort with a split system air conditioner & electric heating, while the adjoining meals area opens directly onto a fully fenced private rear yard. The practical kitchen is well-equipped with an electric stove, rangehood, dishwasher & breakfast bench, making everyday living easy & functional. All three bedrooms include built-in wardrobes, providing excellent storage, while the bathroom features a separate shower, bathtub, vanity & separate toilet for added convenience. A full-sized laundry with direct backyard access adds further practicality & the covered carport provides secure off-street parking with direct access to the front entrance. Directly opposite the unit, a private pathway connects residents to nearby parks & walking tracks, providing easy access to the Aquatic Centre, Bowling Club, local schools & the Orange CBD, enhancing the convenience & appeal of this centrally positioned property. If sold to an Investor, the existing Tenant would be prepared to enter into another 12-month Residential Tenancy Agreement. With its central location & low-maintenance design, this property is well suited to Tenants and Owner-Occupiers seeking convenience & easy-care living. Orange Council Rates: $2,284.00 approx per annum Strata Levies: $2,600.00 approx per annum Key Features • Three spacious bedrooms with built-in wardrobes • Sunny north-facing living room • Split system air conditioning plus electric heating • Functional kitchen with electric stove, rangehood, dishwasher & breakfast bench • Meal's area opening onto a private low maintenance fully fenced rear yard • Bathroom with bathtub, shower & separate toilet • Full-sized internal laundry with backyard access • Covered carport with direct access to front door • Quiet, centrally located unit complex • Walking distance to CBD, parks, schools & amenities Investor Snapshot • Current Rent Income: $430.00 per week • Established Tenancy already in place • Low-maintenance brick & tile construction • Strong appeal for Tenants seeking central convenience • Ideal opportunity for investors, downsizers, or first home buyers Suburb Snapshot - Orange, NSW Orange is one of regional NSW's most desirable lifestyle destinations, offering a vibrant mix of cafés, restaurants, wineries, schools, healthcare facilities, and recreational amenities. Its strong local economy and growing population continue to support ongoing buyer and tenant demand.

Features

3 bedrooms
1 bathroom
1 carspace
1 carport space
Unit

Property history for 5/87 Gardiner Rd

2024
Rented
Undisclosed
Leased on 08 Oct 2024 by Raine & Horne Orange
2021
Rented
Undisclosed
Leased on 18 Aug 2021 by CENTURY 21 Combined Orange
2020
Rented
Undisclosed
Leased on 22 May 2020 by CENTURY 21 Combined Orange

Happy sellers in Orange

85%
85% of sellers in Orange reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 178 reviews in Orange over the last 12 months.

Local market activity for 3 bedroom units in Orange

In the last 12 months, 13 three-bedroom units similar to 5/87 Gardiner Rd, have been sold.

This represents a 62% decrease in three-bedroom units sales when compared to the previous 12 months.

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