Positioned on a level 1000sqm corner allotment (approx) in a prime location close to schools, shops and the swimming pool, this property has a three bedroom home plus a fully self contained bungalow/unit which would be ideal for investors. With an estimated income of $250pw for the home and $160pw for the unit you could reach returns of up to 7.3%.
Facing Balding Street, the three bedroom home sits very comfortably on it’s level cottage garden setting. Inside there are original high cielings in the front rooms which open into an open-plan living space in the centre, incorporating an easily workable kitchen and lounge all heated by a cosy wood heater. A rear deck extends the living area by providing an alfresco area for summer, and down a few steps will take you to the garden which has a chook shed and a single carport.
With a circular drive access from Bourke Street, the self contained unit sits on an East-West access with big windows to the North. The unit comprises of an open-plan kitchen, meals area, a seperate bedroom and a combined bathroom/laundry. With an attractive deck on the Northern side, the unit has a private and pleasant outlook onto its own garden.
There is a fence between both buildings through the middle of the block, providing privacy for both.