Bringing in excellent rental returns, this two-unit package presents an exciting proposition for investors, and equally, it would delight extended families looking to live close but independently.
It also holds terrific appeal for owners choosing to live in one and lease the other.
Currently rented, they are returning approximately 6% per cent with the potential for higher future income. Unit 1, at $370 a week, is leased until December and unit 2, at $350 a week, is leased until September 2022.
The brick and iron freestanding units have identical layouts and their own private yard on the 953sqm block, where there’s a shared double carport and plenty of additional parking space.
Both are comfortable, well appointed and in very good condition throughout, and were designed to create a relaxed, light living environment.
The air-conditioned, carpeted lounge is an inviting room opening onto the sizeable dining area, where there’s also ample space for a work desk and computer.
At the far end of the living area is the kitchen with a pantry, electric cooking and a recess for the fridge-freezer.
The main bedroom is a double with a built-in robe and access to the semi-en suite bathroom with shower, toilet and vanity. Occupants of the other two bedrooms, both of which have built-in robes, access the bathroom through the adjoining laundry.
These units have been well maintained. All tiling and blinds are in very good condition and new flooring has been fitted in some areas.
The back yards are in lawn and fully fenced to contain small children and pets, and gardens at the front are planted with easy-care succulents and natives.
Bayonet Head is a popular suburb with families, couples and singles for its proximity to the coast and everyday amenities such as a shopping centre and schools as well as being only 10 minutes from town.
This property is on one title, presents a rewarding opportunity for astute investors or shrewd family home buyers to take advantage of this location and the prospects offered by owning two homes in one smart deal.
What you need to know:
- Two identical brick and iron units on one title
- 953sqm block
- Suit investor or extended family
- Live in one and rent out the other
- Air-conditioned lounge
- Big dining room
- Kitchen with pantry, electric cooking
- Master bedroom with built-in robe
- Two single bedrooms with robes
- Semi-en suite bathroom with shower, vanity, toilet
- Laundry
- Shared double carport
- Plenty of additional parking
- Fenced, private back yard in lawn
- Lockup shed
- Currently tenanted â approximately 6% per cent returns with potential for higher income
- Council rates $4,044.32
- Water rates $2,926.28