$ 850,000.00
9 Madgwick Drive Armidale NSW 2350
$850,000 - $930,000
9 Madgwick Drive, Armidale presents a distinct opportunity to acquire a source of immediate income coupled with the potential for future site expansion, all within walking distance of UNE.
Demonstrating a robust rental track record and steady income, there are two homes, each boasting 3 bedrooms, 1 bathroom and a carport and occupying approximately 1300m2 of 4015m2 parcel, leaving approx. 2,700m2 of vacant R1 zoned land. This ample land size provides the opportunity for further development, subject to council approval.
Key features of each residence include:
Well-maintained weatherboard exterior
Three bedrooms
Updated kitchen
Inviting living space
Spacious layout with high ceilings and a wide central hallway
NBN connectivity
Front and rear decks
Securely fenced yard
Carport for parking
Combined weekly rental income $780 per week
This offering stands out in Armidale's real estate market, representing a compelling opportunity for astute investors.
