19 Barellan Ave

Dapto NSW 2530

620 m²

House

Last sold for $640,000

Tracey McDonald, last sold this property on 23 June 2016 after 14 days on market.

Overview

Two homes on the one block

Looking for an opportunity to reduce your land tax or looking to house 2 families? 19 Barellan Avenue Dapto provides home owners and investors with a unique opportunity. Situated not far from Dapto CBD and positioned on a corner block with 2 street frontages these 2 homes set on 620m2 are perfect for a family requiring dual living opportunities or an investor looking for 2 rental incomes without the land tax implications of owning 2 blocks of land. Currently these 2 properties with a rental return of $700pw, has the potential to increase to $750pw with some work to one of the homes. The main home is very cosy, with an old commonwealth cottage feel. It welcomes you with timber flooring, 3 bedrooms, tiled bathroom and combined kitchen/dining. The main home is fully fenced with its own private backyard with the possibility STCA of putting in a separate driveway for the main house. Spend a little bit of time on a make over and restore the original charm of this property and you could increase the current rental return of this home to $400pw The second home has only recently been built and is very contemporary in design. It features a neutral and modern kitchen that opens out onto the tiled and air-conditioned lounge/dining. Both bedrooms are carpeted and have ceiling fans, built in wardrobes and modern blinds. Fully tiled bathroom with a bath and an internal laundry all again with modern neutral colour tones. This home is fully fenced with an entertainment area and a small private backyard and currently has a tenant paying $350pw. The average rental return for a proerty in Dapto is 5%, these properties with a combined income of $700pw bring a 5.5 - 5.9% return on investment. Only a short distance to Dapto Mall, train station and freeway access you have the convenience of being centerally located whilst being in a more private position. Features of 19 Barellan Avenue: - Large corner block located in a cul-de-sac location - Proven rental history - 2 homes. Providing an opportunity to live in one and rent one, rent both or have 2 families live together - 3 bedroom cosy cottage with its own yard,with a rental return of $350pw - Opportunity to increase the rent on the 3 bedroom home to $400pw with a little makeover. - New 2 bedroom home/grannyflat very contemporary in design with its own yard being leased at $350pw - Less than 1km to the CBD including Dapto Mall, train station, medical centres and freeway access

Features

5 bedrooms

2 bathrooms

620 m² lot size

House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Dapto over the last 12 months, the estimated median property value of 19 Barellan Ave is $987.5k.

Median value

$987.5k

Estimated value range

$820k - $1.38m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Dapto. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.