Welcome to this absolutely refreshing two-bedroom, one-bathroom unit, in an accessible and convenience location nearby schools, shops, parks and cafe's. The unit provides a welcoming and spacious design throughout, with semi-ensuite access, a large living area with split-system air conditioning, and a balcony overlooking the communal gardens. The complex itself is secure with a mechanical gate, pedestrian gate access, and undercover parking areas. Currently rented out, this property presents an immediate investment opportunity, with options to move in after lease end. Contact us for more details or for a viewing - don't miss out on this property!
Property Highlights:
• Two-bedroom, one-bathroom unit
• Total lot area of approximately 45 internal metres, plus balcony area
• Main bedroom with semi-ensuite access plus door to living area and window overlooking communal gardens
• Second room perfect for a study or second bedroom
• Bathroom with vanity, shower, and room for internal laundry facilities
• Communal laundry area to the complex
• Split-system air conditioning unit to the living area
• Large kitchen to the front, with freestanding oven, rangehood, and lots of cabinetry for storage
• Balcony with views over communal gardens
• Undercover allocated parking bay
• Secure gated complex
• Private rear position for extra security
• No known registered by laws against pets
Investor Summary:
• This property is currently leased on a periodic basis for $320 per week
• There is a current vacate date of 28/11/2025 in place - vacant possession can be provided post-lease end, with options for further leasing or move-in
• Market rent for 12C/159 Hector Street is approximately $500 per week
• Looking at Market Rent and the Asking Price – we get an attractive gross annual rental yield of 6.52%
• HouseSmart Real Estate is highly active in Osborne Park, Joondanna, Tuart Hill and and the surrounding areas, and can provide high-quality property management services throughout settlement and beyond!
Location Highlights:
• Close by cafe's, restaurants, and IGA Osborne Park
• Walking distance to Osborne Primary School and short drive to Woodlands Primary School
• Glendalough Train Station approx. 25 minute walk or short 5 minute drive
• Nearby Joondanna Reserve, Grenville Reserve and Herdsman Lake
Fees:
• Water Rates: Approximately $987 per annum
• Council Rates: Approximately $1,624.03 per annum
• Strata Rates: Approximately $621.50 per quarter
Contact Adam Bettison – 0409 929 128 for more information, or make an enquiry so we can send you property documents and book you in for the home open!
