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61 Mirrabooka Rd

Lake Heights NSW 2502

4
2
1
729 m²
House
Currently for sale - view listing

Overview

Dual Income Now - Triple Income Potential (STCA)

An outstanding opportunity for investors looking to secure an established dual-income property with clear upside. Positioned on a generous block, 61 Mirrabooka Road currently consists of two separate 2-bedroom units - one upstairs and one downstairs - both occupied by long-term tenants. The current leases have expired and rents have not been increased for some time, presenting immediate potential for a rental adjustment and improved returns. Where the real opportunity lies is at the rear of the property. Subject to council approval (STCA), the block offers the potential to add a 2-bedroom granny flat, creating three separate income streams on the one parcel of land - a strategy many investors are using to push yields above the local market average. Key Features: • Two self-contained 2 bedroom units (upstairs & downstairs) • Dual income property with long-term tenants • Expired leases allowing for rental review • Granny flat potential (STCA) at the rear • Opportunity to create three incomes on one block • Ideal for investors seeking value-add and strong future yield Properties offering this combination of existing income and clear development upside are becoming harder to find in the local market. For investors looking to increase cash flow and manufacture stronger returns, this is an opportunity worth exploring

Features

4 bedrooms
2 bathrooms
1 carspace
1 garage space
729 m² lot size
House

Happy sellers in Lake Heights

97%
97% of sellers in Lake Heights reported that their sale price either exceeded or met their price expectations.

Lake Heights stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Lake Heights over the last 12 months.

Local market activity for 4 bedroom houses in Lake Heights

In the last 12 months, 13 four-bedroom houses similar to 61 Mirrabooka Rd, have been sold.

This represents a 8% increase in four-bedroom houses sales when compared to the previous 12 months.

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