1 Mcintosh Cres, Armidale NSW 2350
1 Mcintosh Cres, Armidale NSW 2350
1950s house | 760m² elevated block | configured as 5-bed student share | FTTP | workshop & study
This property presents a defined commercial opportunity within a residential envelope, its value anchored in a proven boarding-house operation servicing consistent university demand. The configuration as five bedrooms, with two living areas and separate study, is operationally rare for a 1950s house and directly capitalizes on proximity to UNE. A 760m² lot at this elevation provides a substantial land holding with no overlays, reducing regulatory risk and offering long-term utility.
Key risk is the significant data inconsistency on bedroom count, which may reflect unapproved works, directly impacting finance and insurance. The ~5.3% gross yield is strong but is contingent on managing a multi-tenant household. Acquire strictly as a going-concern investment; the price must reflect the cost of due diligence to regularize any planning issues. It is not suitable for a conventional family buyer seeking a passive home.
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Mcintosh Cres, Armidale NSW 2350
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Armidale is a dynamic regional centre anchored by its university, driving robust demand from academic staff, students, and families. This has fuelled strong recent price appreciation and a competitive sales environment. Future growth is underpinned by sustained educational and professional employment, though affordability pressures and limited new supply present notable market constraints.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
1
Land
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