Dual Income, Development Potential

Description

Attention investors – this is the opportunity you’ve been waiting for! A rare dual-income property offering solid returns from day one, with the added bonus of future development potential.

Set on a 1062m2 more or less, this property features two self-contained dwellings currently rented at $570 and $480 per week, bringing in a gross yield of 7%. Both tenancies are in place with reliable tenants happy to stay on, providing immediate income and peace of mind.

Each home is well-presented and low-maintenance, with separate access and private outdoor areas—ideal for long-term tenancy appeal. The layout and size of the section also present a fantastic opportunity to explore the possibility of adding a third dwelling or minor unit, subject to council approval.

Located in a growth area close to schools, shops, and transport links, this is a smart investment with strong rental demand and exciting future upside.

Secure your foothold in a high-performing market—properties like this don’t come up often!

Call Kara today at 021 025 97042 for your private viewing or more information.

PROPERTY DETAILS
  • Bedrooms: 4
  • Bathrooms: 2
  • Car parking: 2
  • Floor area: 130m2
  • Land area: 1,062m2
  • Estate type: Freehold
  • Rental status: Tenanted
  • Rental appraisal: $1,050pw
  • Rates: $6,399.55
LOCATION
  • $775,000
  • Gross yield: 7%
  • Rental appraisal: $1,050pw
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ABOUT THE AGENT

Kara Niles

Licensed Salesperson
REAA 2008