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108 Albury Street, Tumbarumba NSW 2653

$510,000

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$510k - $536k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 1 Car 1000 m²

Listed: 23 days ago

Overview

Located on a spacious 1,000 square meter block, this four-bedroom residence at 108 Albury Street offers significant investment potential with immediate rental income. The property benefits from a serene rural outlook that enhances its appeal and provides a calm, open environment.

The home’s open-plan design encourages easy living and comfortable social interactions. The kitchen’s inclusion of a dishwasher supports practical day-to-day efficiency, while the main bedroom is complemented by a private ensuite, adding a layer of privacy and convenience for the occupants.

An inviting rear deck overlooks the generous yard and rural views, creating a tranquil setting perfect for relaxation or informal outdoor gatherings. The yard’s size affords ample space for gardening or recreational activities, and there is potential for future expansion, pending council approval, making it suitable for owners considering growth opportunities.

Completing the property is a single-car garage providing secure parking and additional storage options. The current tenancy, yielding a monthly income of $2,085.71, offers immediate returns and positions the property as a compelling option for investors seeking both value and flexibility.

Secure rental income presently achieved
Generous block size with open rural vistas
Functional open-plan living space
Main bedroom equipped with ensuite bathroom
Convenient kitchen with dishwasher
Relaxing deck area overlooking extensive yard
Single-car garage included
Potential for development subject to council approval

This property strikes a balance between current income generation and future growth potential, making it a worthy consideration for those looking to expand or enter the Tumbarumba property market.

Local Market Insights

In Tumbarumba, Quiet Listings observed 4 new houses entering the market over the last 30 days, down from 5 during the previous 30-day period, with an average advertised asking price of $638,500. All new listings observed during this period were Houses. The most active agency for houses in the Tumbarumba area is currently Ray White, representing 75% of new listings, followed by PRD Nationwide with 50%. 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.