12 Adams Avenue
Condobolin, NSW 2877

12 Adams Avenue in Condobolin offers a premium dual income investment opportunity featuring two renovated residences on a single property. This rare offering includes a spacious four-bedroom main house and a self-contained additional unit, both currently leased and generating steady rental income.

The combined rental income is $560 per week, providing a current gross yield of approximately 7.4%, with potential to increase in line with market trends. Rental estimates suggest a possible $750 per week income across both dwellings, which could yield around 10%, enhancing the long-term investment appeal and profitability.

Main Residence

The main house has been updated to include four bedrooms and two bathrooms. The layout centers around a generous open-plan living and dining area with a sunken kitchen. The kitchen has been tastefully renovated, featuring ample storage, electric appliances, and a dishwasher. An additional living space offers flexibility for relaxation or quiet retreat.

Four well-sized carpeted bedrooms each include built-in robes. The main bathroom benefits from natural light through a skylight and includes a freestanding bath, toilet, and walk-in shower. The master bedroom features a walk-through robe and private ensuite. The floor plan is designed for everyday living convenience, with the laundry located behind the bathroom and an additional separate toilet.

Comfort is ensured year-round with split system heating and cooling in the living room and master bedroom. The home is currently leased on a periodic agreement at $400 per week, furnished, providing a stable income stream.

Additional Dwelling

The second dwelling is a cozy, functional space suitable for various uses such as a home office, studio, extended family accommodation, guests, or tenants. It includes an open living area with a kitchenette, split system heating, and a combined bathroom and laundry. This unit is also leased on a periodic basis at $160 per week, furnished, contributing to the overall return and offering further growth potential aligned with market conditions.

Outdoor Features

Outside, a double carport provides undercover parking for two vehicles, with the option to secure an additional vehicle behind double gates. The property sits on a 703.9 square meter residential block, fully fenced and zoned RU5, offering flexibility to continue both tenancies or secure vacant possession if preferred.

This property is ideal for investors seeking dependable profit or buyers requiring multi-generational living options. It delivers a compelling combination of comfort, versatility, and financial strength.

Additional Information

The 2025-2026 Lachlan Shire Council rates are approximately $3,028.52. Please note that images are vendor supplied and were taken prior to occupancy due to periodic tenancies. Inspections are by appointment only.

Disclaimer

The information provided has been prepared with care and in good faith using details from the vendor and third-party sources. While efforts have been made to ensure accuracy at the time of publication, the information is not guaranteed and may be subject to change. Interested parties should rely on their own inquiries, inspections, and independent advice. Any references to development potential or improvements are subject to necessary approvals and prospective purchasers should make their own enquiries with relevant authorities. The agency accepts no liability for reliance on the information provided. All measurements and yields are approximate.