Consistent long term growth, above average rental returns and low vacancy rates makes Waterford attractive to investors. Several schools, an abundance of shopping options along with numerous employment hubs just nearby in Loganlea area makes the Logan area an “in demand” area for housing.
The Opportunity: this property gives twice the opportunity. Not one rent but two! From the street front it appears to be a single family home, but it is when you look inside that you realize that there are two separate dwellings included in this property. That is right – two dwellings – two incomes! This property is strong positively geared right from the first month for most investors.
This property is also unique in that it has lockup garaging for 3 cars – this has been deliberately included due to the location amongst other high quality homes in this estate.
• The features of a dual living property are:
• Positive cash flow
• Low outgoings – no body corporate fees, low council rates and water rates
• Achievable rents are MUCH higher than the typical 4 bedroom house
• Located in high growth area, with high rental demand
• Located in high population areas close to fast expanding hubs
• Larger lots
• Lower your risk – if one dwelling is vacant, the additional one is still producing income
• Close to schools, shops and all other services and recreational facilities
This property is:
Land: 680 m2 – Lot 421 Woodlands Estate, Waterford . Land is registered. This lot is an infill lot in an established new quality land estate. Land is virtually unavailable in this suburb!
Home: 264m2 – huge dual living
6 beds in total = 4 beds, 2 baths, 2 cars PLUS 2 beds, 1 bath, 1 car
FIXED PRICE CONTRACT: $575,000
House: Aspiration Homes – Renee Hampton Nala
Points Of difference;
Colourbond roof with whirly bird, Insulation 60mm significantly reduces heat held inside the house, Stone bench tops – 20 mm Caesar Stone or equivalent, Double vanity to Master – 2 semi recessed basins, Air con to to Bed 1 and living – reverse cycle split systems, security system – back to base provision, carpet and tiles throughout , Large shower 1600 x 900, tiles to patio and porch
RENTAL ESTIMATE: $700 TO $740 per week

FOR SALE: $575,000

KAYE TILLEY 0418 823 046