Perfectly positioned just a block from the lively Watson Shops and the ever-popular Knox café and bar, this dual-income property offers an exceptional investment or lifestyle opportunity. With a brand-new recreation park also just a short stroll away, the location combines convenience, and strong rental appeal.
At the front, the main residence features three bedrooms all with wardrobes, a main bathroom with separate toilet, and two spacious living areas adjoining the kitchen. Designed for comfort and efficiency, the home is fitted throughout with UPVc double-glazed tilt and turn windows, enhancing energy efficiency, acoustic insulation, and natural airflow. From the main living area, sliding doors open to a generous covered alfresco that overlooks the grassed yard, perfect for entertaining or family time. Adding to its appeal is secure gated parking for up to six vehicles, including an oversized double garage and a large carport with space for four cars. The layout is versatile, with plenty of scope to modernise further and add value, while still being immediately liveable and highly appealing to tenants.
Privately set to the rear, the spacious one-bedroom flat is fully self-contained with its own side entrance, providing excellent separation. Whether it's a consistent income stream, a space for extended family, or guest accommodation, this setup ensures maximum flexibility for the future.
Whether you choose to rent out both dwellings to maximise rental return, or live in one while renting the other to offset your mortgage, this rare dual-income opportunity offers financial freedom and lifestyle versatility in one of Watson's most convenient positions.
The Numbers:
- One bedroom flats potential rental income p/a ($450pw) $23,400
- Three bedroom house potential rental income p/a ($700pw) $36,400
- Total rental income p/a ($1,150pw) $59,800
- Land Tax $2,200.50pq (if not primary place of residence)
- Rates $1,089.75pq
Front house:
- Cosy front living area with warm afternoon sun
- Kitchen with full sized pantry cupboard, oven, cooktop, and dishwasher
- Sunny second living space connecting to the backyard and covered alfresco
- Bathroom with a shower, bath tub, and separate toilet
- All bedrooms with built-in-robes
- Laundry room with external access to clothesline and additional storage
- Predominately double glazed with UPVc tilt and turn windows
- Ducted gas heating and a wall mounted split system for heating and cooling
- 6.56kw solar system for reduced energy bills, all on single meter
- Low maintenance rear yard with patch of grass, and rear garden shed
- Secure double garage nearly 7m in length, with carport for additional 4 cars
- Living Size 107sqm, Garage 44sqm, Carport 73sqm
- Built in 1963, extended in 2000
Rear house:
- Side gate access to rear of property
- Open plan living and dining area with feature pitched ceiling
- Modern kitchen with oven, cooktop, and dishwasher
- Bedroom with built-in-robes, and sliding doors to private courtyard
- Spacious bathroom with shower, and laundry
- Wall mounted split system in living area for heating and cooling
- Double glazed windows throughout
- Living Size 47sqm
- Built in 2019
Disclaimer: Whilst all care has been taken to ensure accuracy, the material and information contained within are approximate only and no warranty can be given. MARQ does not accept responsibility and disclaim all liabilities regarding any errors or inaccuracies contained herein. You should not rely upon this material as a basis for making any formal decisions. We recommend all interested parties to make further enquiries.
