1 Gudgenby Close

Palmerston ACT 2913

1245 m²

House

Currently for sale - view listing

Overview

TWO HOMES. ONE TITLE. DOUBLE THE INVESTMENT OPPORTUNITY.

1 GUDGENBY CLOSE, ALSO KNOWN AS Unit 1 and Unit 2 of 138 KOSCIUSZKO AVENUE, PALMERSTON ACT 2913 TWO INDEPENDENT HOMES | GENEROUS 1,245m BLOCK | POTENTIAL RENTAL INCOME OF UP TO $1,400 PER WEEK Opportunities like this are not often available. Positioned on a substantial block of approximately 1,245m in the established suburb of Palmerston, this unique dual occupancy property presents two independent homes on one title, offering flexibility, space and exciting investment potential. Comprising two separate three-bedroom, two-bathroom residences, each complete with its own double garage, this is an opportunity that will appeal to investors seeking multiple income streams, extended families wanting independent living arrangements, or buyers looking to secure a substantial property with options. Both homes offer practical single-level layouts, with generous living and dining areas, functional kitchens, three bedrooms and two bathrooms. Built in the early 1990s, the properties have been maintained in good original condition, with the second residence benefiting from a number of recent presentation improvements. Unit 1 GUDGENBY CLOSE The first residence offers spacious and comfortable living, with a large main living area, separate dining space and an additional living area adjoining the kitchen. The kitchen is well maintained and features an electric cooktop, rangehood and Westinghouse oven. Tiled flooring flows through the entry, hallway and kitchen, while all three bedrooms are carpeted and fitted with built-in wardrobes. The master bedroom includes mirrored sliding wardrobes and its own ensuite. The main bathroom features a bathtub, shower and vanity, complemented by a separate toilet. A generous laundry provides excellent space for a washing machine, dryer and additional storage. Further features include gas heating, a double garage with undercover access towards the home, an additional roller door providing vehicle access to the rear yard, and a Hills Hoist clothesline. FEATURES AT A GLANCE - Three bedrooms, all with built-in wardrobes - Master bedroom with mirrored sliding wardrobes and private ensuite - Main bathroom with bathtub, shower and vanity - Separate toilet - Spacious main living area, separate dining and additional living area - Functional kitchen with electric cooktop, rangehood and Westinghouse oven - Tiled entry, hallway and kitchen - Carpeted bedrooms - Generous laundry with space for washing machine, dryer and additional storage - Gas heating - Double garage with undercover access towards the home - Additional garage roller door providing vehicle access to the rear yard - Hills Hoist clothesline -Estimated rental return: $650-$700 per week Unit 2 GUDGENBY CLOSE The second residence offers the same generous three-bedroom, two-bathroom floor plan, with updated finishes and improvements throughout. The kitchen features an electric cooktop, rangehood and a new Westinghouse oven. New carpets, updated blinds, LED lighting and new sheer curtains provide a fresh and inviting feel. All three bedrooms include built-in wardrobes, with mirrored sliding wardrobe doors in the master bedroom. The bathroom features a bathtub, shower and vanity, with a separate toilet for convenience. Comfort is taken care of with Toshiba ducted reverse-cycle heating and cooling. A double garage with roller-door access to the rear yard, grassed outdoor area and Hills Hoist clothesline complete the home. FEATURES AT A GLANCE - Three bedrooms, all with built-in wardrobes - Master bedroom with mirrored sliding wardrobe doors and private ensuite - Main bathroom with bathtub, shower and vanity - Separate toilet - Generous living and dining areas - Kitchen with electric cooktop, rangehood and new Westinghouse oven - New carpets throughout - Updated blinds, LED lighting and new sheer curtains - Toshiba ducted reverse-cycle heating and cooling - Double garage with roller-door access to the rear yard - Grassed outdoor area - Hills Hoist clothesline -Estimated rental return: $650-$700 per week THE INVESTMENT OPPORTUNITY For buyers looking at the numbers, the property offers the potential for two independent rental incomes. Based on our assessment of the current rental market, we estimate each residence could achieve approximately $650-$700 per week. POTENTIAL RENTAL RETURNS Unit 1 Gudgenby Close: $650-$700 per week Unit 2 Gudgenby Close: $650-$700 per week COMBINED POTENTIAL RENTAL INCOME: $1,300-$1,400 PER WEEK APPROXIMATE ANNUAL RENTAL INCOME: $67,600-$72,800 These figures are indicative rental estimates only, subject to market conditions, tenant demand and leasing at the time. They represent potential gross income before expenses and vacancy periods. LOCATION, LOCATION, LOCATION Conveniently positioned in the established suburb of Palmerston, just minutes from local schools, shops, parks and everyday amenities. Gungahlin Town Centre is approximately 5 minutes away, offering major shopping, cafes, restaurants, medical facilities and light rail connections into Canberra City. With easy access to surrounding suburbs and major arterial roads, this is a location that combines convenience, connectivity and family-friendly living. With approximately 1,245m of land, two independent homes and the flexibility of a single-title holding, this is a property that offers more than just accommodation. It presents an opportunity to secure two residences in one of Palmerston's established...