12 Adams Avenue, Establish Dual Income

12 Adams Avenue - Dual Income Investment Opportunity

House - Condobolin NSW

12 Adams Avenue Condobolin — Premium Dual Income Investment.

A rare dual income opportunity with tenancies in place, established rental performance and immediate returns. 12 Adams Avenue presents two tastefully renovated residences comprising a spacious 4 bedroom home and an additional self contained unit. Both dwellings are currently leased and generating regular rental income. Combined rental income is $560 per week with a current gross yield of 7.4%* and scope to increase in line with the rental market. A current rental estimate of $750 per week* across both dwellings reflects a potential gross yield of approximately 10%* further enhancing long term investment appeal and profitability.

Main residence
The main residence offers an updated 4 bedroom 2 bathroom layout anchored by a generous open plan living dining and sunken kitchen zone. The kitchen has been tastefully renovated with ample storage and is fitted with electric appliances and a dishwasher. An additional living area provides a flexible space for relaxation or a quiet retreat. Down the hall are four well sized carpeted bedrooms each fitted with built in robes. The main bathroom is filled with natural light from a skylight and includes a freestanding bath toilet and walk in shower. The master bedroom features a walk through robe and private ensuite. The floor plan is arranged for everyday living with the laundry positioned directly behind the bathroom and an additional separate toilet for convenience. Split system heating and cooling in the living room and master bedroom provide year round comfort. The home is currently leased on a periodic agreement at $400 per week furnished offering a stable income stream.

Additional dwelling
The additional dwelling provides a cosy functional space ideal for a range of uses and income pathways. It includes an open living area with kitchenette split system heating and a combined bathroom and laundry. Suitable for a home office studio extended family guests or tenants the unit is currently leased on a periodic basis at $160 per week furnished contributing to the combined return and offering further growth potential in line with market conditions.

Outside a double carport provides undercover parking for 2 vehicles with the option to secure an additional vehicle behind double gates. Set on a 703.9 sqm* residential block the property offers the flexibility to continue both tenancies or secure vacant possession if preferred. For investors seeking dependable profit or buyers requiring multi generational living options this property delivers a compelling combination of comfort versatility and financial strength.

2025 2026 Lachlan Shire Council Rates $3028.52*

For further details or to arrange your private inspection contact Stacey Thorpe at J.N. Straney Real Estate.

Please note that due to periodic tenancies images provided are vendor supplied and taken prior to occupancy. Inspections by appointment only.

Disclaimer J.N. Straney & Son Pty Ltd and its representatives have prepared this information with care and in good faith using details provided by the vendor and other third party sources where required. While every effort has been made to ensure its accuracy at the time of publication the information is not guaranteed and may be subject to change. Interested parties are encouraged to rely on their own inquiries inspections and independent advice. Any reference to development potential improvements or alterations is subject to all necessary approvals STCA and prospective purchasers should make their own enquiries with the relevant authorities if desired. The agency and its representatives accept no liability for any reliance placed on the information provided. * = Approximate.