What a ripping opportunity presents itself here !

If you’ve wanted to get into the Inner North market on a quiet street but didn’t think your budget would allow it, then try this on for a bit of lateral thinking !

This red brick ‘Ex-Govie’ has been cleverly extended and now works beautifully as a two bedroom home with an attached, council approved self-contained one bedroom garden flat. The two bedroom was renting until very recently at $400.00 per week and the tenant for the flat is in the process of vacating and she has been paying $280.00 per week.

So – live in the front and rent the back to subsidise your mortgage or vice versa. If you’re a straight investor, rent them both because there’s only one lot of rates and land tax.

There’s a double metal garage and it’s nestled on a 731.9m2 block in the quietest of loop streets and I think that the price will surprise you !!

Features:

- Two bedroom home and a self-contained one bedroom flat (separately metered for electricity)
- Combined rental income was until very recently $680.00 per week
- Kitchens and bathrooms were renovated in the 90′s
- 731.9m2 block on a quiet loop street
- Double metal garage
- Super motivated vendors – keen to sell at auction

EER 1.0

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