This property has great returns of 5.17% over the last 3 years. Plus it has great development potential with 810 sq.m of land on two lot numbers.

Future Development Options:
- Build two new houses on each 405 sq.m block
- Increase the existing great returns by building in under house (legal height) and adding extra rooms.

The owners had very specific renovations done to the top floor 4 years ago to accommodate young professionals on an individual room rental basis. Two of the four bedrooms are single fully furnished rooms. Then there is a large double bedroom complete with separate study room, office. The fourth bedroom is also very large with separate study, office and a large onsite, toilet.

The bathroom, shower room and powder room are all separate and designed not to hold up that busy morning panic hour. The kitchen and large pantry area are also new and designed for sharing with separate allocated cupboards for individual provisions.

Beautiful big lounge and separate dining room overlooking a lovely leafy valley to the south.
Laundry is also very large with plenty of lock up clothes drying and storage space for bikes ect. downstairs.

The yard can park four cars with ease. This is very rarely the case due to the property having a bus stop right at the front border which is very popular with the tenants.

The house is a fully occupied and fully furnished as an ongoing income for the new owners.

You just need to compare this proven income with the Australian Share Market. The ASX has returned or lost -13.6% in the last year, made just 3.2% over the last 3 years and lost a massive -35.3% over the last 5 years. (Source. Commsec)

The average Australian Super Fund has returned just 3.8% per year over the last 10 years. (Source. Australian Prudential Regulations Authority, APRA)

Australian Banks are offering 5% on term deposit for 12 months and 5.1% for 36 months with more likely cuts to come.

The owners of this gem income producing property reluctantly have to sell and FAST. It won't be on the market long at $570,000 with a 5.17% return (all documents can be produced for proof of return).

For more information and to arrange an inspection of the property phone Listing Agent.