This is a fantastic opportunity to secure a versatile property offering breathtaking lake and ocean views, multiple living options, and outstanding rental potential. Whether you choose to live in one residence and lease the other, accommodate extended family or maximise your investment returns by leasing both, the possibilities are endless.
Upstairs Residence/Unit 1
Featuring three generous bedrooms, all with built-in wardrobes, this residence offers comfortable living with spectacular views. The modern kitchen boasts polished timber flooring, a glass electric cooktop, dishwasher and ample cupboard space, allowing you to cook while enjoying the magnificent lake and ocean outlook. The spacious living area is complemented by a separate dining room, carpeted flooring, and solid rendered double-brick construction. A modern bathroom with shower, bath and separate toilet add convenience, while street-level entry and a cosy balcony complete this appealing residence.
Downstairs Residence/Unit 2
Offering a similar layout, the lower residence features three large bedrooms with built-in wardrobes, polished floorboards, a spacious living area, separate dining room, and a neat and tidy kitchen. A modern bathroom and separate toilet provide added practicality. A shared laundry, with an additional laundry and shower underneath, adds further convenience.
Double Remote Garage & Approved Separate Shed/Garage
In addition to the huge double remote-control garage, the property features a separate, newly built shed/garage that is approximately 95% complete, with all required approvals obtained. Boasting a kitchenette, shower and toilet, plus a mezzanine level accessed via internal stairs, this versatile space offers exciting potential for a man cave, dream teenage retreat, guest accommodation, additional workspace/storage, or rental of approx. $460 p.w.
Set on a substantial 1,126sqm parcel of land with car access from Jackson Avenue, this property offers exceptional space, flexibility and potential. With two spacious residences, a double remote garage and a separate approved shed/garage/unit, it presents an exciting opportunity for investors, extended families or buyers seeking multiple uses from one property.
Outstanding Rental Potential
• Upstairs residence: Currently leased at $630 per week, with a rental increase due to (potential $680 p.w)
• Downstairs residence: Estimated rental potential of $580 per week.
• Separate shed/garage: Estimated rental potential of $460 per week.
With a combined potential rental income of approximately $1,720 per week, or $89,440 per annum, this property offers an attractive opportunity to explore multiple income streams and better than bank returns.
A rare combination of spectacular views, generous land, flexible living options and impressive income potential - an opportunity not to be missed!
Disclaimer:
At Domain Illawarra Real Estate, we strive to provide accurate information in our marketing materials based on details supplied by our Vendors. However, we cannot guarantee the complete accuracy of this information. Therefore, Domain Illawarra Real Estate does not make any representation, statement, or warranty regarding the complete accuracy of the details shared. We strongly advise potential buyers to undertake their own due diligence when considering a property purchase. Please note that all photographs, maps, and images are for marketing purposes and are representative only.
