51 Buckingham St

Melrose Wellington

123 m²

245 m²

House

Currently for sale - view listing

Overview

Investors Take Note; Cash-Flow Positive

Calling all investors, savvy first-time home buyers and those with an eye for opportunity; this two-flat property ticks all the boxes. Currently rented for $900 a week, freshly painted, boasting three off-street car parks and being cashflow positive. With both upstairs and downstairs currently rented out, here’s your chance to live in one and rent out the other or simply add this two-flat property to your rental portfolio and continue to rent out both! The investors and savvy home buyers will spot this golden opportunity a country mile away. The upstairs two-bedroom, open-plan property is rented out on a three-month rolling tenancy. The downstairs one-bedroom property is rented out on a fixed-term tenancy until November 2027. Someone’s about to hit the jackpot here; this golden opportunity to snaffle not one but two rental streams on a single Title will appeal to many buyers. With full services, water and heating to each flat – the options are both positive and multiple. The discerning buyer will be thinking they could live in one while renting out the other, or perhaps this is an ideal chance to embrace extended family living, maybe it’s your opportunity to have your mortgage paid down in double quick time by renting both with an impressive rental yield! Equally as savvy would be the running of a business in one, while living or renting out the other. Isn’t it great to have so many options here. Benefitting from a freshly painted exterior, boasting stunning East-facing views over the Eastern Suburbs, enjoying their own outdoor spaces, as well as an area for drying the washing and sunbathing. Off-street and visitor parking for both properties is also a welcome bonus. With tenants in place and all the Eastern Suburbs offers right on your doorstep, this really is a golden opportunity not to be missed. Sold by way of Tender, closing Thursday, 3 December 2026 @ 2pm. (Vendor Reserves the Right to Sell Prior). Don’t let this fantastic opportunity slip you by. Contact Michael Hinds on 020 4144 3199 or Mariola Lane on 027 5425 655 for more information or to arrange your private viewing. NB: Some photos have been digitally enhanced.