78 Jeffrey Street, Armidale, NSW 2350 - More Details
$920,000 - $1,000,000
Positioned in a highly convenient Armidale location, 78 Jeffrey Street presents a rare and versatile opportunity for investors, extended families, or strategic buyers seeking multiple income streams on one substantial, fully fenced parcel of land rich in character.
Originally built circa 1940β1950, the home retains its timeless charm while thoughtfully incorporating modern upgrades to suit contemporary living.
Behind its classic weatherboard façade, the property is currently configured as a spacious five-bedroom, five-bathroom residence that seamlessly blends character features with functionality.
The main kitchen has been stylishly renovated with sleek finishes, quality appliances, and practical contemporary design β creating a central hub that feels both modern and inviting. The flexible internal layout allows the home to adapt depending on your intended use.
A secondary kitchenette is already established and can be easily separated to create an independent, income-producing dwelling, providing the ability to generate dual income from the main residence alone.
Adding further value, a detached studio is positioned at the rear of the block, offering potential for a third tenancy. Whether utilised for long-term rental, short-term accommodation (STCA), guest quarters, or a home office, the flexibility here is exceptional.
Importantly, the property benefits from three separate power supplies, allowing each dwelling to be individually metered β a significant advantage for investors seeking clean tenancy separation and simplified outgoings management.
Comfort and security have also been well considered. Energy-efficient windows, reverse cycle air conditioning, gas hot water, and a water tank contribute to long-term efficiency and reduced running costs. An electric gate enhances privacy, while intruder alert alarms installed on the front windows provide additional peace of mind. The outdoor swim spa delivers a genuine lifestyle edge β a standout feature that enhances both tenant appeal and owner enjoyment.
Externally, the property offers excellent vehicle accommodation with a double carport and four additional parking spaces, catering comfortably to multiple occupants or tenants.
Spanning three separate, generously sized blocks, fully fenced around the entire perimeter, the property provides exceptional space, privacy, future flexibility, and long-term development potential.
From a rental perspective, the numbers are compelling. If configured and leased as three separate dwellings, the property is likely to achieve approximately $1,200 per week in combined rental income. Alternatively, if leased as a single five-bedroom residence, the expected rental return would sit around $700 per week.
Strong income potential, development upside, character charm, and lifestyle enhancements β 78 Jeffrey Street represents a rare opportunity to secure a truly adaptable property in a growing Armidale market.
*We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.*
- Type
- House
- Bedrooms
- 5
- Bathrooms
- 5
- Parkings
- 4
- Area
- 1,356.6 mΒ²
