Just Sold - 179 Chapel Street

Positioned just a five-minute drive from the centre of town, 179 Chapel Street offered a rare opportunity to secure a complete block of four units in a convenient Armidale location — and it’s now sold, delivering that opportunity to its new owner.

The property comprised four separate units, with Unit 1 offering a larger four-bedroom layout and the added benefit of its own private yard, giving excellent appeal to tenants after extra space, privacy and a more house-like feel, while still enjoying unit-style convenience.

Units 2, 3 and 4 each featured two bedrooms and one bathroom, offering practical, easy-care accommodation suited to a broad range of tenants. These three units had also been freshly repainted, lifting their presentation and reducing immediate maintenance requirements for the new owner.

Each unit came with its own parking space, while Units 2, 3 and 4 shared a practical yard area. The mix of a larger four-bedroom unit alongside three smaller two-bedroom units gave the property a strong balance of rental diversity and tenant profiles.

With four separate income streams, 179 Chapel Street offered the benefit of spreading rental risk across multiple tenancies rather than relying on a single occupant — and its position close to Armidale’s CBD, schools, shops and services made it a standout long-term hold in a tightly held regional market.

A multi-unit asset with flexibility, income potential and a convenient position — snapped up by an investor who saw its value.

* 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.*