Positioned in a well-established Goonellabah location, 8 Allingham Place presents a straightforward opportunity for investors seeking strong yield and long-term tenancy security.
Currently returning $450 per week with a lease secured until September 2026, this property offers immediate income with tenants who are happy to remain in place. With Goonellabah continuing to experience consistently tight vacancy rates, opportunities with secure leases are increasingly valuable.
Property Highlights:
- Solid brick and tile construction
- Current rent: $450 per week
- Lease in place until September 2026
- Long-term tenants keen to stay
- Cul-de-sac position
- Convenient location ensures low vacancy rate
- Pest & Building Report available for review
The home does require some repairs, including internal and external water-related issues. This has been factored into the pricing and presents scope for value-add improvement either during or after the current tenancy.
For buyers comfortable with rolling up their sleeves or planning a future renovation strategy, this is an opportunity to secure a solid asset with income from day one.
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters.
