Seeking a Strong Return?

Grossing a yield of approximately 7%, investors, take note.

Here are two homes for the price of one. Sitting on one title, at the front of the block is a 3 bedroom house and behind the house is a 1 bedroom unit. If you are looking for a property with a twist, this may just be the opportunity you have been seeking – live in the house and use the rent from the unit to pay down the mortgage. Alternatively, rent both residences for a strong return. Do you have a need for somewhere for an elderly parent/teenager to live independently but still be close?
With tenants already in place and wanting to stay, the current rental return is $465 per week. ($300 for the house & $165 for the unit). Both properties are solid brick homes and have potential to add value for a stronger return.
The house includes:
• 3 bedrooms plus office
• Kitchen and dining, good sized laundry
• Formal lounge plus extra family room
• Spacious covered entertainment area
• Double carport
• Fully fenced
• Ceiling fans
The unit includes:
• 1 bedroom with bathroom adjoining
• Master bedroom, separate laundry
• Open plan kitchen/dining & living
• Small rear verandah
• Fully fenced
• Ceiling fans