Sold for $370,000
Great Investment with Two Tenancies
This large 4 bedroom home located just a short, easy stroll to the CBD is currently arranged into two separate flats, with two long-term tenancies in place. The property has dual street frontage on the corner of Centre and Farley Streets, with a good-sized fenced yard.
Unit 1 on the east side of the property has entry via a covered deck area, with 3 large bedrooms, central kitchen, long living/dining area, renovated bathroom, and sleepout/study to the rear, which leads to the double carport. This unit has an additional external storage room and laundry, as well as reverse cycle air conditioning, roller blinds, ceiling fans, and good carpet and paint throughout. Tenants have been in place since 2017, currently paying $265 per week.
Unit 2 on the west side of the house has a single large bedroom, open-plan living/kitchen, internal laundry, updated bathroom with tub, and double carport. This unit has also been updated with recent paint and floor coverings, and has reverse cycle air conditioning. Tenant in place since 2018, currently paying $180 per week.
Both units have independent power meters and sub-water meters connected. All tenants have shared access to the large yard, which could potentially be used to built an additional granny flat subject to council approval. Both tenants are on continual leases, providing the potential for owner-occupier to take possession of one of the units, or convert the house back to a single family dwelling. The property is well-positioned within a flat & easy walk to the Casino CBD, local schools and all town services.
median house price365000
median house rent315
suburb rental yield4.5%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.