TWO RETURNS FOR THE PRICE ONE!

31 Bain Street, Wauchope, 2446

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660,000 AUDEst. Mortgage: AUD 4,638/monthFor Sale
  • Ownership Type House
  • Property Area 1,012 sqft
  • Bedrooms 5
  • Bathrooms 2
  • Furnished No
  • Last Updated 3rd Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Garage: 2

Property Overview

Currently let to 100% secure long term tenants, these two homes on a 1012 sqm block on the one title are bringing in $790PW Gross… DO THE MATH, that's a 6.2% return! Rates are approximate at $2890 per annum and currently zoned R1 residential. Money in the bank can’t even go close to what this property currently returns! The front home is an older home with so much character, it’s like stepping back in time. Consisting of two/three bedrooms, high ceilings throughout and large open plan kitchen area. The brand new two bedroom granny flat at rear consists of two bedrooms, large open plan lounge dining and kitchen area as well as a great sized North facing patio capturing the view of neighboring acreage. Situated just around the corner from Wauchope high School, Wauchope Hospital, showground, train station and only a few minute drive to the centre of town. Only 20 minute drive to Port Macquarie, this property has so much potential for the future, you could literally just sit on it, collect the rent and see what the future holds!

Location on Google Map

31 Bain Street, Wauchope, 2446

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