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1 & 2/346 Townsend Street, Albury NSW 2640

$900,000

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$900k - $945k Transparent Transparent Listing Based on an openly advertised listing price.

House 6 Beds 4 Baths 2 Cars 675 m²

Listed: yesterday

Overview

Located in a highly desirable south Albury neighbourhood, this property offers a unique investment opportunity through its dual-unit setup on strata titles. Each unit features three bedrooms, two bathrooms, and an enclosed carport, providing versatile accommodation options within one title.

This dual-income asset benefits from established tenancies delivering a combined rental income of $820 per week, allowing for immediate cash flow and a low-maintenance investment. Covered outdoor entertaining areas complement each unit, with Unit 1 also boasting a private backyard, enhancing its appeal for tenants seeking comfortable living with some outdoor space.

Convenience is a key highlight, with the units situated close to schools, parks, retail facilities, and the Albury CBD, attracting a broad mix of tenants and providing strong rental demand. These factors combine to create a well-rounded investment opportunity with current income and potential for future growth in a tightly held area.

Two separately leased units with individual strata titles
Three bedrooms, two bathrooms, covered patios, and enclosed carports per unit
Established tenancies with combined rental return of $820 per week
Located in a sought-after South Albury pocket near essential amenities
Low-maintenance dual income investment providing flexibility and income security

Council rates are approximately $1,786.99 per annum, and water rates around $1,028.10 per annum plus consumption charges. This property will particularly appeal to investors seeking a resilient rental asset in a prime location.

Local Market Insights

In Albury, Quiet Listings observed 61 new houses entering the market over the last 30 days, down from 64 during the previous 30-day period, with an average advertised asking price of $811,934. The property type mix of listed properties is predominantly Houses at 74%, followed by land (9%), and townhouses (5%). The most active agency for houses in the Albury area is currently Stean Nicholls Real Estate, representing 33% of new listings, followed by Ray White with 30%. 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.