MORTGAGE BUSTER: DUAL-INCOME FARRER HOME WITH 5%+ YIELD (approx estimate)
38 Lambrigg Street, Farrer
Two homes. Two incomes. One mortgage.
This is the property that changes the maths on buying in Farrer. A fully renovated four-bedroom family home sits above a completely separate, self-contained studio — separately metered, privately accessed, and ready to earn from day one.
THE HEADLINE NUMBERS
Gross yield: 5% approx.
Main residence: potential rent $950/week (was $800 before renovation)
Studio: potential rent $450/week (was $350 before renovation)
FOR INVESTORS: A genuine dual-income asset
Two potentially separate rental streams under one roof, both freshly renovated, both separately metered. Premium Woden Valley tenant appeal and a yield that's rare for this suburb.
FOR OWNER-OCCUPIERS: Let the studio pay your mortgage
Move into the main home and rent the studio as a second income stream — or keep it for grandparents, older teens, or a private office. Either way, Farrer stops being out of reach.
Residence 1 — Main Family Home
Four bedrooms, master with ensuite, two living areas, open-plan dining, stone-bench top kitchen, 2-car secure garage with automatic doors.
Residence 2 — Independent Studio
Private entrance, new flooring, modern kitchenette, renovated bathroom — fully self-contained.
Rental figures and yield are estimates only, subject to market conditions and rental achievement.
features.
.renovated four bedroom three bathroom home (home and studio)
.separate downstairs studio under the home
.arranged over two levels with elevated views
.north facing
.combination of timber look floors and carpet
.north facing living room with RC split system and glass doors opening to the front veranda
.formal dining room with easy connection to the kitchen
.open kitchen and second living area
.updated kitchen with white cabinetry and granite bench tops
.direct access to the rear patio and garden
.ducted gas heating upstairs
.studio with RC split system and sliding doors opening to the north
.all three renovated bathrooms with floor to ceiling tiled finishes
.double garage with twin automatic doors and additional storage space
Finer details (all approx.)
EER: 1.5
Living area: 224m2
Land Size: 686m2
Built in: 1967
Land Value: $700,000
Rates: 4,241 approx. per annum
Disclaimer: The information contained in this advertisement is derived from sources we deem reliable. However, we cannot provide any guarantees or warranties regarding the information supplied. Any references to rates, land tax or other statutory charges are indicative only and have been calculated in good faith using publicly available information. Some images may have been virtually styled for marketing and illustrative purposes only. Buye
