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Overview
This unique property at 1 & 2/297 Gulpha Street in North Albury offers a rare dual-income investment opportunity, comprising two fully self-contained residences under one roof on a single Torrens title. Both homes are currently leased, delivering an established gross rental return of approximately $32,850 per annum, providing immediate income with tenancies secured until February 2027.
The front residence features three bedrooms and a bathroom, benefiting from a single lock-up garage, and is leased at $390 per week. Adjoining this is a two-bedroom residence with a bathroom and independent living areas, serviced by a carport and rented for $240 per week. This configuration allows for flexible living arrangements, appealing to investors seeking dual income streams or buyers interested in accommodating extended family members with privacy.
Set on a well-sized 663.9 sqm allotment, the property offers established gardens and lawns within a well-regarded North Albury locale. It provides convenient access to shopping, schools, public transport, and the Albury CBD, enhancing lifestyle convenience and tenant appeal.
- No owners corporation fees due to a single title holding
- Separate kitchens and living spaces to each residence ensuring comfortable independent living
- Single lock-up garage for the larger residence and a carport for the second
- Leases secured for rent stability until February 2027
- Close proximity to key community amenities and educational institutions
Annual council rates are approximately $2,143.52 with water rates around $1,028.10 plus consumption, reflecting the costs associated with this dual dwelling property.
Local Market Insights
In North Albury, Quiet Listings observed 39 new houses entering the market over the last 30 days, down from 57 during the previous 30-day period, with an average advertised asking price of $1,108,758. The property type mix of listed properties is predominantly Houses at 60%, followed by commercial properties (21%), and units (9%). Ray White was the most active agency in this area, representing 23.1% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
North Albury NSW 2640
Market Insights for North Albury NSW 2640
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