Home & Income or Investment in Popular Newtown

Description

This stunning Home & Income OR 2 Flat Property can be bought now and offer the new owner some instant income.

Such a great location, being a corner section so close to the centre of Newtown with off-street parking for two.

There are no restrictions for either Flat / Unit to be let out as an Air BNB or rental. The Property is Fee Simple Freehold Title.

This expansive double income property features a five-bedroom home, plus a one-bedroom unit on one title. (Both are standalone)

One bedroom studio with its own outdoor space and fenced away from the main house, has huge appeal to homeowner or investor. Two new bathrooms were added to the front house last year.

Rear property runs power off the front house which has a check meter. Both flats have separate gas meters.

There is a double car pad on Stoke St and the rear flat is built under the carport. Rear flat is accessed off Stoke Street.

Great opportunity to own your home with additional income to help pay the mortgage. Live in 5 bedroom and rent the bedsit (when available) or live in the bedsit

Existing tenancy is $1400pw for 5 Bedroom fixed until 19/02/2023. $435pw for 1 Bedroom until 27/02/2022 and then moving to periodic, providing a total income of $95,420pa

A set of information is available for interested parties. LIM is available to interested parties.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: $1,400 (fixed to 19th Jan 2023) p/w
    $435 (periodic) p/w
  • Rental appraisal:$1,400 p/w + $450 p/w (Written rental appraisal available to potential purchasers)
  • Floor area: 158m2
  • Land area: 344m2
  • Bedrooms: 6
  • Bathrooms: 3
  • Car parking: 2
  • Rates: $5,852.39
AMENITIES

Close to Newtown shops, the Hospital, restaurants and cafes.

LOCATION
  • For Sale By Deadline 8/3/22 (Unless sold prior)
  • Rental appraisal: $1,400 p/w + $450 p/w (Written rental appraisal available to potential purchasers)
  • Annual rates: $5,852.39
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ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008