5 Bracken Street

Off Market

5 Bracken Street

Armidale NSW 2350

1314 m²

House

Last sold for $390,000

Julie Schaefer, last sold this property on 04 July 2024 after 35 days on market.

Overview

Dream Investment Opportunity

Welcome to your dream investment opportunity! Nestled at the end of a quiet street in the serene surroundings of Armidale this delightful 3-bedroom, 1-bathroom home awaits its new owner. Boasting a generous land size of 1,314 square meters, this property offers plenty of space and potential for various possibilities. Key Features Include: Solar Panels: Enjoy the benefits of sustainable living with solar panels installed on the roof, resulting in minimal energy costs (only $100 per quarter!) and valued at $10,000.00 Tranquil Location: Situated at the end of a tranquil street with only one side neighbour, providing a sense of privacy and peace. Comfortable Living: Stay cozy year-round with both air conditioning and a wood fire, ensuring comfort no matter the season. Income Potential: This property presents a lucrative opportunity as an Airbnb investment, with a potential a rental income of $740.00 per week with a remarkable yield of 9.6%. Development Potential: With a sizable land parcel, there's the exciting opportunity to subdivide the property into two blocks, allowing for further development and increasing its value. Subdivision Ready: A survey plan worth $2,750.00 is available for potential buyers for, enabling them to kickstart the subdivision process immediately upon acquisition. Entertainment Space: The spacious backyard features a unique bubble tent, offering guests a one-of-a-kind experience and further enhancing the property's appeal. Convenience: Benefit from the convenience of two parking spaces and a shed for additional storage. Ample Space: Three bedrooms provide ample space for residents and guests alike. Well-Appointed Bathroom: One well-appointed bathroom ensures comfort and convenience. Turnkey Investment: This property comes with the added bonus of a mature management team looking after the Airbnb operations, making it an ideal turnkey investment opportunity. Immediate Income: The option to sell the Airbnb business along with the house presents the buyer with an immediate income-generating asset. 5 Bracken Street would likely to attract a rental value of approximately $440.00-$460.00 per week in it's current condition. Don't miss out on the chance to own this exceptional property in Armidale, NSW. Whether you're looking for a comfortable family home, a savvy investment opportunity, or a combination of both, this property has it all. *We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.*

Features

3 bedrooms

1 bathroom

2 carspaces

1314 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Armidale over the last 12 months, the estimated median property value of 5 Bracken Street is $600k.

Median value

$600k

Estimated value range

$325k - $1.27m

Median days on market

Estimated value trend

24%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Armidale. 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 5 Bracken Street

2024

Rented

Undisclosed

Leased on 11 Aug 2024 by McGrath Armidale

2024

Sold

$390,000

Private Sale/Treaty on 04 Jul 2024 by Julie Schaefer, of McGrath Armidale

2021

Sold

$220,000

Private Sale/Treaty on 13 Aug 2021 by Brad Ramage, of McGrath Armidale

Happy sellers in Armidale

84%

84% of sellers in Armidale reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 126 reviews in Armidale over the last 12 months.

Local market activity for 3 bedroom houses in Armidale

In the last 12 months, 229 three-bedroom houses similar to 5 Bracken Street, have been sold.

This represents a 1% increase in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Armidale for a free market appraisal.

Lachie Sewell

at Laing+Simmons Armidale

4.9

(146 reviews)

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Peter Georkas

at HH Real Estate

4.9

(689 reviews)

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Ronelle Gersbach

at Belle Property Armidale

(65 reviews)

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Jonathan Papworth

at Belle Property Armidale

(20 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Armidale

Lachie Sewell

Sellers who recommend Lachie Sewell have praised them for being clear communication, local expert, responsive, reliable, hard-working, great negotiation and well-prepared

4.9 (146 reviews)
32 Reviews in Armidale
54 Sales in Armidale

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Peter Georkas

Sellers who recommend Peter Georkas have praised them for being local expert, clear communication, honest, supportive, responsive, reliable and friendly

4.9 (689 reviews)
30 Reviews in Armidale
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Ronelle Gersbach

Sellers who recommend Ronelle Gersbach have praised them for being local expert, clear communication, friendly, responsive, supportive and well-prepared