32 York Street
Adaminaby, NSW 2629

Overview

Set amd forget investment opportunity

Located in the heart of Adaminaby, 32 York Street offers a compelling investment opportunity that combines reliable income, flexibility, and long-term potential.

This property is currently leased until March 2027, generating a stable rental income of $550 per week with a quality tenant in place, making it an ideal set-and-forget addition to any investment portfolio.

The property is set on a single title and comprises two separate dwellings, enhancing versatility and future upside potential.

Main Cottage - Renovated and Rent-Ready

The main two-bedroom cottage was originally relocated from Old Adaminaby in 1957 and underwent comprehensive renovations in 2018. These renovations preserved the character of the home while updating it to meet modern rental expectations.

Upgrades to the main cottage include a new Colorbond roof, gutters, insulation, and external cladding. Inside, new plasterwork, updated flooring, and carpeted bedrooms provide a fresh and comfortable living environment.

Heating and cooling are well catered for with a wood heater, reverse-cycle heating and cooling, and a ceiling fan. A light-filled sunroom overlooks York Street, adding to the home's appeal.

The custom kitchen is well-appointed with built-in cabinetry, an induction cooktop, double dishwasher, wine fridge, and modern appliances, all features that support strong tenant appeal.

The contemporary bathroom includes built-in storage, IXL heat and light, and heated towel rails for added comfort.

The low-maintenance landscaped gardens, completed between 2020 and 2024, feature fruit trees, perennials, and roses. Additionally, a lockable wood and tool shed added in 2023 provides practical storage solutions.

Guesthouse - Added Value and Future Upside

The separate guesthouse was partially renovated in 2019 and includes one bedroom with fresh plasterwork, a living and kitchen area, and a secure garage or shed with ample storage.

This second dwelling offers scope for future rental diversification subject to council approval, multi-income potential, or increased returns in the future.

Investment Highlights

• Leased until March 2027
• $550 per week rental return
• Two dwellings on one title
• Strong regional rental demand
• Low-maintenance improvements already completed

This is a solid regional investment providing income today with flexibility for tomorrow. Enquiries are welcome for further details.

Location