The location is superb – A simple stroll to local schools, multiple sporting clubs and the Tewantin shopping precinct with all the amenities expected of a thriving town including banks, chemists, cafés, supermarket and more.
The returns are alluring – Two free standing duplexes, tenanted at a combined $685 per week offering an enticing 5.1% return on investment. Perched at the front of the property is the larger of the two homes presenting 3 bedrooms, bathroom, secure gated carport and fenced courtyard. The completely separated rear home at the back of the block shares no common walls with the front home and offers 2 bedrooms a bathroom, secure gated carport and rear yard.
The variety of choices – Appealing to investors and residents alike this property holds potential and flexibility for multiple scenarios.
The sole investor can choose to rent out both properties with current great tenants already in place and reel in a tidy income well above current bank interest returns.
The savvy investor might choose to rent out one residence and reside in the other to offset repayments and still maintain a fantastic placed asset with the flexibility of choice to perhaps move on and rent out both dwellings.
The property also offers the ability for complete residence with two homes on a single block in an absolutely convenient location to local facilities offering complete privacy to both homes with the opportunity to remain a door knock away, close to each other for company and assistance.
The decision is easy – Real Estate Institute of Queensland revealed in November the Noosa region was on par as the tightest rental market in Queensland with a very low 1.2% vacancy rate showing solid demand.
With a fantastic property in a convenient location close to all amenities in an already tight market with no further land left to release, the future certainly looks bright for those willing to act.
* Walking distance to shopping, schools and sporting facilities
* Fantastic rental returns at $685 per week
* Individually metered for water and electricity
* Current tight rental market with 1.2% vacancy rate
* 7kms to Cosmopolitan Noosa
* 32klms to Sunshine Coast Airport