Lot 303 40 Spearmount Drive, Armidale NSW

Armidale, Armidale, NSW, 2350

$ 762,000

Armidale, Armidale, NSW, 2350
Lot 303 40 Spearmount Drive, Armidale NSW-0
Lot 303 40 Spearmount Drive, Armidale NSW-1
Lot 303 40 Spearmount Drive, Armidale NSW-2
Lot 303 40 Spearmount Drive, Armidale NSW-3

Property Images

Lot 303 40 Spearmount Drive, Armidale NSW-0 Lot 303 40 Spearmount Drive, Armidale NSW-1 Lot 303 40 Spearmount Drive, Armidale NSW-2 Lot 303 40 Spearmount Drive, Armidale NSW-3

Overview

Property ID: LA-20002

  • Dual Occupancy
  • Property Type
  • 3+3
  • Bedrooms
  • 1+1
  • Bathrooms
  • 1
  • Cars
  • 131

Details

Updated on Nov 26, 2025 at 01:44 pm

Property Type: Dual Occupancy
Price: $ 762,000
Land Price: $ 240,000
Build Price: $ 522,000
Gross Per Week: $ 940
Gross Per Annum: $ 48,880
Gross Yield: 6.41%
Capital Growth 12 Months: -1.22%
Capital Growth 10 Year Annualised: 3.56%
Vacancy Rate: 2.00%
Property Size: 131 m2
Land Area: 767 m2
Bedrooms: 3+3
Bathrooms: 1+1
Parking: 1
Title Status: Titled
Property ID: 20002
SKU: 1005

Description

Discover the best of modern living with this Dual Occupancy in Armidale. Offering 3+3 bedrooms, 1+1 bathrooms and 1 car spaces, it has been designed for comfort, ease of living and long-term durability. From its thoughtful layout to its low-maintenance features, this property makes everyday living simple and rewarding. Perfect for investors, it also provides lifestyle appeal for those seeking a place to call home. It’s a versatile choice that ticks every box.


Suburb profile:

Armidale is a vibrant university city in the New England region, combining education, lifestyle and investment appeal. The suburb benefits from the presence of the University of New England, good schools and a range of retail and dining options. Ongoing demand from students and professional tenants makes Armidale attractive for investors seeking stable rental income and future growth.


Inclusions:

  • Full Turn-Key Package
  • High Quality Inclusions
  • Contemporary Colour Scheme
  • Open-Plan Living
  • 6 Year Structure Guarantee

Designed to perform in today’s rental market, this Dual Occupancy in Armidale combines reliable yield with capital appreciation potential. It’s a well-rounded opportunity that fits both short-term goals and long-term strategies. A solid investment you can depend on.

Investors looking to optimise land use and amplify their investment portfolio will find great value in Dual Occupancy Properties.

These properties cleverly accommodate two independent dwellings on a single parcel of land, effectively doubling the potential for rental income.

The design caters to a broad market, including extended families and tenants seeking spacious living options, thereby increasing the property's rental appeal.

The strategic configuration of these properties allows investors to capitalise on the growing demand for versatile housing solutions in both urban and suburban settings.

Disclaimer*

All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 303 40 Spearmount Drive, Armidale NSW
City Armidale
State NSW
Postcode 2350
Suburb Armidale

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Aus investment Properties has partnered with SQM Research to provide data across our site to assist investors in making an informed decision.

Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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