No it's not a typo, at one end of this versatile home with their own entry are 4 bedrooms all with their own ensuite and built in robes, all 4 of which are currently in lease agreements at $160 ea p/w. At the other end with a separate entry is a 1 bedroom flat currently conservatively rented at $255p/w with bedroom, living area, full kitchen that has just been updated, bathroom & separate toilet, the current combined tenancy agreements are totalling $885 p/w rental income. Positioned squarely toward the front of the block, allowing ease of extensions to rear. The home could also be utilised as a great family home as there is internal access between either end of the house (currently locked). All the internal walls are double brick so the tenants enjoy the privacy that comes with this.
If you had your 20% deposit saved, mortgage repayments would be approx $550 p/w (interest only) so an astute buyer or investor will also consider the option of living in the main unit and receive a combined rent of $630 p/w for the 4 bedsitters to pay off the mortgage and therefore be able to own and live in one of Canberra's most sort after suburbs and get paid $80 per week for the privilege.
Mawson has experienced far better than average capital growth over the past 5 years and is looking promising in continuing on this path with extensive new residential development. Mawson residents enjoy the convenience of being a short stroll to the Swinger Hill & Southlands Shops and Restaurants as well as Woden Centre, Woden TAFE/CIT, Canberra Hospital and Phillip business district. With easy access to the main arterial roads to Fyshwick, Tuggeranong and Civic, it's easy to see why this suburb has become extremely sort after.
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