John B. Grant Real Estate, Chester Hill is delighted to present 220 Waterloo Road, Greenacre to the marketplace. Offering an exceptional investment opportunity with strong rental returns and modern improvements throughout, this versatile property features a beautifully renovated three-bedroom home together with a brand-new two-bedroom brick veneer granny flat, all positioned on approximately 607sqm of level land in one of Greenacre's most convenient locations.
The main residence has been tastefully updated and offers comfortable family living with a renovated kitchen, renovated laundry, fresh interior and exterior paintwork, new blinds throughout, and new split-system air conditioning. The home provides spacious accommodation with light-filled living areas and a practical floor plan designed for everyday comfort.
Adding significant value to the property is the newly completed brick veneer granny flat. Designed with modern living in mind, it features two generous bedrooms, mirrored built-in wardrobes, an en-suite to the master bedroom, tiled flooring throughout, split-system air conditioning, open-plan living and dining, a stylish modern kitchen, and a contemporary two full bathroom.
The existing home is currently leased at $39,000 per annum until 26 October 2026, with the potential for a future rental increase. The granny flat offers an estimated rental return of approximately $35,360 per annum, providing a combined potential income of approximately $75,000 per annum.
Whether you're an investor seeking strong dual-income returns, a large family requiring additional accommodation, or a buyer looking for a property with excellent future growth potential, this outstanding offering is one not to be missed.
Features Include:
• Renovated three-bedroom family home
• Brand-new two-bedroom brick veneer granny flat
• Renovated kitchen and laundry
• Freshly painted internally and externally
• New blinds throughout
• Split-system air conditioning to both dwellings
• Open-plan granny flat with modern finishes
• Ensuite to granny flat master bedroom
• Approximate land size of 607sqm
• Current rental income of $39,000 per annum
• Potential combined rental return of approximately $75,000 per annum
• Convenient location close to schools, shops, transport, parks, and all local amenities
This property combines everyday convenience, modern living, and exceptional investment potential in a highly desirable Greenacre location.
Inspection is highly recommended.
