Unit 1 & Unit 2 24 Nancy Street, Tamworth, NSW 2340

$765,000

Unit
Type
4
Bedrooms
2
Bathrooms
2
Parkings
1,220 m²
Area

Last updated on Friday, May 15, 2026 ( See property details for Unit 1 & Unit 2 24 Nancy Street, Tamworth, NSW 2340)

$765,000

Robert Miller Principal | Licensee | Sales
Ava Gao Licensed Real Estate Agent
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-unit investment opportunity in a quiet cul-de-sac, offering strong rental prospects and modern living features.

🏡 Property Highlights

  • Dual well-maintained two-bedroom units on separate titles under one ownership
  • Currently tenanted with strong rental income potential
  • Potential rental increase to approximately $340-$350 per week per unit
  • Single-level design with open-plan living and modern kitchens
  • Abundant natural light through large windows and rear yard access
  • Secure rear yards and single garages with internal access for each unit

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Air Conditioning
  • Outdoor Area
  • Garage
  • Security Screens / Gates
  • Electric Stoves
  • Separate Toilet
  • Pet-Friendly
  • Waterfront / Views

Tamworth is a vibrant regional city renowned for its rich cultural heritage, excellent amenities, and strong community spirit. The suburb offers convenient access to schools, parks, and shopping centres, making it ideal for families and investors alike. Its strategic location ensures easy connectivity to major transport routes, supporting growth and accessibility. The area boasts a peaceful environment, perfect for those seeking a relaxed lifestyle with urban conveniences. With ongoing development and a steady rental market, Tamworth presents a promising opportunity for property investors seeking stability and growth.

What are the current rental yields for these units, and is there potential for future growth?
Currently leased at $260 and $280 per week, with market conditions suggesting potential rental increases to approximately $340-$350 per week per unit, offering strong future yield prospects.
Are there any restrictions or covenants associated with the separate titles of the units?
The units are held under separate titles but are owned collectively; any restrictions or covenants would be detailed in the title documents and should be reviewed with your legal advisor.
What is the condition of the property and are there any recent renovations?
Both units are well-maintained with modern kitchens and bathrooms, and feature open-plan layouts with abundant natural light, indicating good condition and recent updates.
Is there off-street parking available for both units?
Yes, each unit benefits from a single garage with internal access, providing secure and convenient parking options.
What are the ongoing costs associated with the property, including council rates and maintenance?
The combined council rates are approximately $5,028 per year; ongoing maintenance costs are typical for properties of this type and should be factored into your investment analysis.
Are there any upcoming planning or development applications in the area that could affect the property's value or livability? Are there any easements, zoning restrictions, or covenants that could limit future modifications or development? Has the property been inspected for structural issues, pests, or other defects that may incur additional costs? Are there any strata or body corporate fees or regulations applicable to these units? Is there any history of flooding, bushfire risk, or other environmental hazards in this area? Are there any planned infrastructure projects or construction nearby that could impact noise levels or access? What are the long-term prospects for rental demand and property value growth in this suburb? Are there any hidden costs or upcoming maintenance requirements not immediately apparent? Is the property compliant with all current building codes and safety standards? What are the terms of the current leases, and are there any restrictions on future tenancy or owner occupancy?

Unit 1 & Unit 2 24 Nancy Street, Tamworth, NSW 2340 - More Details

$765,000

Positioned in a quiet cul-de-sac, this unique property comprises two well-maintained two-bedroom units, each on separate titles but held under one ownership. Both units are currently tenanted, with Unit 1 leased at $260 per week and Unit 2 at $280 per week. A rental review is recommended, as current market conditions suggest a potential return in the vicinity of $340-$350 per week for each unit, offering an excellent opportunity to increase yield. Each unit is single-level in design and features two generously sized bedrooms, both equipped with built-in robes. The open-plan layout combines the living and meals area, creating a comfortable and functional space for everyday living. Large windows and direct access to the rear yard allow for abundant natural light, enhancing the sense of space and warmth throughout. The kitchens are modern and practical, fitted with electric stoves and ample storage. Bathrooms are well-appointed and include a separate toilet for added convenience. Both units also benefit from reverse-cycle air conditioning, ensuring year-round comfort. Externally, each property offers its own secure rear yard, ideal for families, pets, or private outdoor enjoyment. A single garage with internal access adds an extra layer of convenience and security for each residence. With a combined council rate of approximately $5,028 per year, this dual-income property represents a solid investment opportunity. Whether you're looking to expand your portfolio or secure a versatile asset with future growth potential, this offering combines location, functionality, and strong rental prospects in one appealing package.
Type
Unit
Bedrooms
4
Bathrooms
2
Parkings
2
Area
1,220 m²

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