This property represents an incredible investment opportunity and must be sold. The owners have found their new home and need this property sold.
With a rental return of $1,250 per week, this dual occupancy property offers a sensational return on your investment. The property is fully insured and has been beautifully renovated and with two great tenants in place, each residence has it’s own fenced yard.
With a beautifully renovated three bedroom family home at the front of the property, there is a fantastic self contained cabin style home (with council approval) at the rear with it’s own private fenced yard, off street parking and all weather outdoor living area.
In walking distance to schools, playing fields, the University, St Vincent Hospital and the East Lismore Bowling Club, these properties will always attract good tenants.
The Investment
Two homes which are both beautifully renovated and each has it’s own private fenced yard. Both properties present in “As New” condition with new kitchens, bathrooms, flooring and freshly painted inside and out.
House #1 is in a lease until December, 2025 and is currently achieving a rental of $730 per week including electricity and water.
House #2 is in a lease until June, 2025 and is currently achieving a rental of $520 per week including electricity and water.
The property has been fitted with solar panels making it energy efficient and reducing costs. Combined, these properties have an estimated yield of 6%.
House #1 is a three bedroom weatherboard home with fenced yard. Entry to this property is through the private fenced front yard. A lovely Merbau deck with an Easterly aspect gives way to the entrance of the home. There is beautiful character in the home with high ceilings and hardwood floors throughout. Large windows allow natural light to filter through giving the space a light and airy feel.
The master bedroom features an ensuite with stone vanity top and walk in robe, whilst bedrooms two and three are located at the other end of the home and all three have ceiling fans.
A beautiful kitchen featuring stone benchtops, soft close drawers and doors and great storage space is centrally located in the home. The large family bathroom features a double sink vanity, stone vanity top, shower and toilet. The laundry is conveniently located close to the kitchen and has so much storage.
House #2 is a quirky two bedroom cabin style home featuring a vaulted ceiling and spacious living. A cleverly designed kitchen featuring gas cooktop and electric oven, it has great storage and bench space. There’s a generous bathroom which incorporates the laundry and the two bedrooms are located on the upper level. A fully fenced yard offers privacy and a garden shed has been installed to accommodate tools. A wrap around Merbau deck completes the home and has been fitted with an insulated Spanline roof, offering a comfortable place to relax and unwind which can be used all year round. The property also provides under house storage and offers off street parking.
Within walking distance to the East Lismore Bowling Club, Wyrallah Road Primary School, The Rivers Secondary School, Southern Cross University and St Vincent's Hospital, the property is also convenient to Wyrallah Road Shopping Precinct and playing fields.
Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.
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