You can put this one in your land bank for the future. Add a freestanding 2 bedroom granny flat and increase your potential return on investment to around 14%. (based on a gross weekly rental of $1,000 per week on both residences) Where else can you get that??
It is currently tenanted until May 2025 at $500 per week (rental appraisal $580 per week) and the choices are significant. You could even move in at the end of the tenancy or renew at the going rate and subdivide whenever you choose to (subject to council approval).
Kelmscott has again been named as one of the most popular suburbs to buy in and this is your chance to get a piece of the investment action.
Features:
• Modest but solid brick home
• 3 bedroom 1 bathroom
• Open plan Kitchen/Dining
• Separate lounge
• Dry, level block
• Large Public Park = 200 metres walk
• Public Transport (Bus) = 300 metres walk
• Primary School = 500 metres walk
• Local Shopping (Aldi) = 700 metres walk
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