Getting into the market is easier when your home helps pay for itself. At 37 Makiri Street you have two dwellings on one title, giving first-home buyers a practical way to step into ownership with income support.
Live in the three-bedroom home and rent the self-contained one-bedroom cottage to help offset the mortgage. It is a straightforward setup that allows you to establish yourself while the second dwelling contributes towards the costs of ownership.
The main home is spread across two levels, downstairs you will find two bedrooms and a light-filled living area that opens to a deck with peaceful river views. Upstairs provides a third bedroom, along with a flexible office or nursery space and a small balcony.
The home does still require further work, and buyers should allow for improvements such as repainting the exterior, refreshing timber joinery, repairs to cabinetry, fencing maintenance and general cosmetic updates. With some effort there is clear potential to improve the home and add value over time.
The one-bedroom cottage is tidy and functional with polished timber floors, a generous lounge, modern kitchen and a combined bathroom and laundry. It provides a comfortable rental option, space for extended family, or an additional work-from-home setup.
If both dwellings were rented, the combined rental return is $960 per week, representing over a 6% yield at the current asking price and highlighting the overall income potential the property offers.
Set within walking distance to schools, parks and local shops, the location makes everyday living easy for both owners and tenants, with off-street parking adding further convenience.
For buyers wanting a more achievable pathway into the market, this is a property that offers flexibility, income potential and the opportunity to add value over time.
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