Viewing By Appointment At Your Convenience !
Refreshed, rejuvenated and seriously impressive in scale, this substantial modern weatherboard home offers an incredible 321m2 floor area and a level of flexibility that is rarely found.
Boasting a remarkable nine bedrooms, three bathrooms, two living areas, two kitchens and two internal access garages; this is a property that truly delivers on space.
Currently configured as two separate residences, the home comprises a five-bedroom dwelling and a three-bedroom dwelling, making it perfectly suited to multi-generational living, those seeking a home and income lifestyle, or astute investors looking for strong returns. Or your family can stay in one side and benefits from an income of $33,000+ from the smaller residence!
Set on a sizeable cross-lease title with a 2/3 share of 1,242m², this is not only a substantial home but one that also enjoys a generous land parcel. The rooms throughout are impressively proportioned, and both layouts are practical and contemporary, ensuring comfortable day-to-day living.
Space is certainly not at a premium here. Whether you're relaxing indoors, entertaining family and friends in the expansive outdoor areas, or letting the children play safely in the garden, this property easily accommodates it all.
The investment credentials are equally compelling. The property is currently tenanted with a combined rental income of $1,540 per week (approximately $80,000 per year), with rental appraisals indicating potential returns of $88,000 to $100,000 per year.
A fantastic option exists to live in one residence while generating income from the other, with the added convenience of separate power meters already in place.
Well maintained throughout, the home features aluminium joinery, new carpets and a recent interior repaint, meaning much of the hard work has already been done.
Situated in a superb and highly sought-after pocket of Mt Wellington. Conveniently situated with good access to the main arterial roads, SH1 and public transport. All the eateries, entertainment and shopping at Lunn Avenue and Sylvia Park Shopping Centre are just a few minutes' away, along with the train station at Panmure and Mt Wellington.
Large-scale properties offering this level of space, flexibility and income potential are rarely available. This is an opportunity that demands attention.
