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418 Smith Street, North Albury, NSW 2640 For Sale

418 Smith Street, North Albury, NSW 2640

$869,000

Block Of Units
Type
6
Bedrooms
2
Bathrooms
3
Parkings
708 m²
Area

Published on Monday, September 07, 2026 ( See property details for 418 Smith Street, North Albury, NSW 2640)

$869,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual occupancy property in a prime central location offering immediate rental income and future development potential.

🏡 Property Highlights

  • Dual occupancy with two leased three-bedroom dwellings providing immediate rental income
  • Potential to add a third dwelling subject to council approval (STCA)
  • Highly convenient central location just 1.7km from Albury & Lavington CBDs
  • Versatile property suitable for investors, developers, or multi-generational living
  • Opportunity to renovate or modernise to increase property value
  • Strong holding income with future development upside

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Water tank
  • Floorboards
  • Secure Parking
  • Outdoor Area
  • Ensuite
  • Pet-Friendly
  • Garage
  • Waterfront / Views

North Albury offers a highly convenient and central location, just minutes from CBDs, excellent amenities, and transport links. The area is ideal for investors seeking strong rental yields, developers exploring future projects, and families enjoying a vibrant community atmosphere. Its strategic position ensures excellent connectivity and growth potential, making it a highly desirable suburb for a range of buyers.

What is the current rental income from the two leased dwellings?
The property is currently leased, providing an immediate rental return, though specific income details should be confirmed with the agent.
What are the development possibilities for this property?
There is potential to add a third dwelling, subject to council approval (STCA), offering future upside for development or increased rental income.
Are there any restrictions or zoning considerations for future development?
Development is subject to local council approval (STCA). Buyers should verify zoning and planning regulations with the relevant authorities.
What condition are the current dwellings in, and is renovation possible?
Both properties are currently tenanted and present an excellent opportunity to renovate or modernise to increase value.
Is there any ongoing maintenance or service costs associated with the property?
Ongoing costs will depend on the condition of the properties and any renovations undertaken. A detailed inspection is recommended.
Are there any hidden costs or upcoming maintenance issues not disclosed? Has the property been approved for future development, and are there any zoning restrictions? Are there any easements, covenants, or planning restrictions affecting the property? What are the local council requirements and approval processes for adding a third dwelling? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any planned developments or construction projects nearby that could impact the property? What are the strata or body corporate arrangements, if applicable? Are there any existing issues with the current dwellings that require urgent repairs? What are the long-term growth prospects for the North Albury area? Are there any noise, neighbour, or local environment concerns that should be considered?

418 Smith Street, North Albury, NSW 2640 - More Details

$869,000

Positioned in a highly convenient central location 1.7km from both Albury & Lavington CBD, this outstanding dual occupancy property presents an exceptional opportunity for investors, developers, or savvy buyers looking to secure an income-producing asset with future upside.

Comprising two three-bedroom residences, both properties are currently tenanted, providing an immediate dual rental income from day one. Whether you're looking to expand your investment portfolio or explore future development possibilities, this versatile property offers outstanding flexibility.

Property features include:

Two three-bedroom dwellings
Both properties currently leased, providing immediate rental return
Excellent opportunity to renovate or modernise and increase value
Potential to add a third dwelling, subject to council approval (STCA)
Ideal for investors, developers, or multi-generational living

With strong holding income and the potential to further enhance or develop the site (STCA), opportunities like this are becoming increasingly rare.

Don't miss your chance to secure a property that combines immediate returns with outstanding future potential.

Floorplan available on request.

One on one inspections are available anytime, to best suit you and your schedule. To arrange yours, please contact us on 02 60415755.

From all of us at Drummond Real Estate we wish you every success in your search for a home. If you would like more detail on this home or to chat about one of the many other properties, we have available please call or email us today.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable, however we cannot guarantee its accuracy. We accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained herein. Prospective purchasers are advised to carry out their own enquiries to verify the information contained in this document.
Type
Block Of Units
Bedrooms
6
Bathrooms
2
Parkings
3
Area
708 m²

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