Only a Dual Occupancy block lets you own two houses with combined rents of $880/wk for such a modest investment, while paying only one set of rates, taxes and water bills. Live in one and let the other help pay your mortgage or rent them both out and with combined rents of $45,000 pa it nearly buys itself!

These homes, located on Calwell Hill, are on the high side of the street in a dress circle location in one of the best suburbs in Tuggeranong and boast absolutely amazing views.

At the front, is a Four Bedroom Ensuite home, currently rented month-by-month for $500/wk, with a separate drive leading to a double garage. Featuring separate formal and informal living areas together with a large segregated main bedroom with walk in robe and ensuite, this is one you will love to live in. Its main living areas and master bedroom face wonderful Brindabella views and electric roller shutters keep the heat out.

The minor bedrooms are graced by a large main bath that includes a Spa Tub and all are well appointed with 2 out of the 3 having built in robes.

The galley-style timber kitchen features gas appliances, dishwasher and ample storage and preparation space.

Efficient Inslab heating and separate controls for each bedroom allow you to choose which rooms you wish to pay to heat, while low cost ducted evaporative cooling takes the heat out of summer. Walk out of the family room into a covered outdoor entertaining area and easy care rear yard. Your barely visible house at the rear is 15m away and separated by terraced gardens and a colourbond fence, but this back fence neighbour pays you rent! EER 2.5

The second home, segregated to the rear, is served by a separate drive leading to carport parking for up to 3 cars. It comes fully furnished, rents for $380/wk and is securely tenanted to March 2012. This little big home’ features an open plan L-shaped design encompassing Livingroom, Diningroom and a large functional timber kitchen with dishwasher, fridge, counter hotplates and wall mounted oven. A hall leads to two bedrooms, a spacious bathroom with spa tub and a separate laundry. Comfort is assured by gas wall furnace and continuous hot water and there is a split system reverse cycle air conditioning unit to keep things cool when its hot and warm when its not.

An easy-care yard rising to the rear of the property has 3 tidy garden sheds set on concrete foundations. EER 2

This rare property with magnificent views can be your stepping stone into the best area of Calwell. As an owner occupier you can live in a great 4 Bedroom house while the rent from the 2 Bedroom covers the interest on about $250,000 of your mortgage. The appeal to an investor who wants to rent out both houses is obvious, but this property can also house a blended family with ease – OR – assist your children to find their own place in the very boyaunt Canberra market.

Whatever your purpose, over time the picture for this property just gets better and better. In 2004, the rent for the front property was $360 per week and the rear property was $240 per week – now it is $500 per week and $380 per week. The astute investor will realise that this trend for rising rental returns in the ACT makes this a very attractive prospect at the asking price.

Betty Wark and Brenden Blewitt from Ray White are proud to present 33 and 33A Tatchell Street Calwell.

Inspection Recommended!!