Description

Here we have the always popular "two houses on one title" - both are separated and private with the future possibility of subdivision to create equity (subject to council approval). The two dwellings are on 1070sqm and are set back from the road.

Being slightly elevated both homes have all day sun and wide views. The three bedroom home with double carport has the bedrooms and open-plan living areas upstairs. There is also an unconsented second bathroom, bedroom and rumpus room downstairs.

The completely separate one bedroom unit has recently been updated with new kitchen, bathroom and flooring. It has a separate off-road parking area.

Both houses have heat pumps and are Healthy Homes compliant.

Subdivision to create 2 separate titles would require a new water meter installation for the second dwelling. Currently a “slave meter” is used to calculate water usage separately for each building.

Separate power meters are already in place.

This property offers an instant cash-flow opportunity with the current tenants both keen to stay. The stand-alone 1 bedroom home at the back of the section and the 3 bed house are tenanted at $400p/w and $600p/w respectively....currently rented at $1000 per week.

Rates are $5284.87 p.a. and current owner pays $3280.61 p.a. for Insurance.