Two incomes. one property. ~5% yield. 847m² lan...

Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Unit 1 And Unit 2/38 Coorigil Street, Hillvue NSW 2340

$879,000

Search Band Search Visibility Band

$879k - $923k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 3 Baths 4 Cars 847 m²

Listed: 48 days ago

Updated: 22 days ago

Overview

This unique dual-income property in Hillvue presents a versatile investment and living opportunity. Situated on a substantial 847sqm land parcel, it is designed to accommodate multi-generational families or investors seeking steady rental returns with growth potential. The property comprises two dwellings: a three-bedroom house and a separate one-bedroom unit, both with secure lock-up garages and fully fenced private yards, enhancing privacy and convenience for occupants.

Investors will appreciate the combined $850 weekly rental income, yielding approximately 5% gross return, underpinned by long-term tenants that provide immediate cash flow. The solid original brick construction, complemented by some updates, ensures durability and reduced maintenance over time. The generous landholding also allows for further value-add enhancements such as renovations, increased rental appeal, or exploring strata-title possibilities subject to approvals.

For families, the arrangement offers flexible living quarters with separate yet proximate accommodations enabling independence while maintaining close family connections. Positioned in a sought-after and fast-developing area of Hillvue, the property benefits from excellent street appeal and proximity to key amenities including schools, shopping centers, and Tamworth’s cultural precinct.

Overall, this offering combines income, land, and potential upside in a single title, making it a compelling asset for those looking to invest with confidence or accommodate multi-generational living needs effectively.

Local Market Insights

In Hillvue, Quiet Listings observed 63 new houses entering the market over the last 30 days, up from 56 during the previous 30-day period, with an average advertised asking price of $846,880. The property type mix of listed properties is predominantly Houses at 84%, followed by land (4%), and villas (4%). The most active agency for houses in the Hillvue area is currently PRD Nationwide, representing 29% of new listings, followed by Elders Real Estate with 24%. 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.