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Unit 1 and Unit 2/38 Coorigil Street

Hillvue NSW 2340

4
3
4
847 m²
House
Currently for sale - view listing

Overview

DUAL INCOME | $850/WK RENT | ~5% GROSS YIELD | 847m². VALUE-ADD UPSIDE

OFFERS INVITED $850/WEEK RENT | $44,200 P.A. | ~5.0% GROSS YIELD A genuine dual-income opportunity offering two separate dwellings on one substantial 847m² title, currently generating approximately $850 per week in combined rental income. With $44,200 in annual gross rent, this property provides an immediate income stream while offering further potential to improve, renovate or explore future value-add opportunities, subject to council and relevant approvals. INVESTMENT SNAPSHOT * $850/week combined rental income * $44,200 gross annual rent * ~5.0% gross yield at $879,000 * 847m² land * Two separate dwellings on one title * 3-bedroom dwelling + separate 1-bedroom dwelling * Separate access and outdoor areas * Secure parking for each dwelling * Established rental history * Potential value-add opportunity * Ideal for investors or multi-generational families WHY THIS PROPERTY STANDS OUT The combination of dual rental income, substantial land and two separate living spaces provides flexibility that a conventional single dwelling doesn't. The property is already producing approximately $850 per week, providing an attractive starting point for an investor, while the existing improvements and land component provide scope for future enhancement. The separate dwellings also make the property particularly suited to multi-generational living, where family members can maintain their own independent living spaces while remaining on the same property. LOCATION Positioned in the established Hillvue area of Tamworth, the property is conveniently located close to local shopping, schools, sporting facilities, medical services and major infrastructure. Tamworth continues to benefit from ongoing residential and infrastructure investment, supporting the area's appeal to both owner-occupiers and investors. INSPECTIONS Private inspections are available by appointment. Please contact the owner to arrange a suitable inspection time. IMPORTANT INFORMATION The property is being offered for sale privately. Any future strata-title, redevelopment or other value-add opportunities are subject to appropriate investigations, council requirements, approvals and feasibility. Buyers should make their own enquiries and satisfy themselves regarding any proposed use. Offers invited.

Features

4 bedrooms
3 bathrooms
4 carspaces
847 m² lot size
House

Happy sellers in Hillvue

90%
90% of sellers in Hillvue reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 21 reviews in Hillvue over the last 12 months.

Local market activity for 4 bedroom houses in Hillvue

In the last 12 months, 55 four-bedroom houses similar to Unit 1 and Unit 2/38 Coorigil Street, have been sold.

This represents a 22% increase in four-bedroom houses sales when compared to the previous 12 months.

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