House & Duplex
This opportunity is set amongst some of Ipswich's finest homes on much sought after York Street. What a location, so close to Girls Grammar, Ipswich Central State School, parks and a train station.
Now, where do I start?
The main house, a large federation style home which proudly fronts York Street. This home has beautifully polished floors, a modern kitchen and many other features you wouldn't expect of home of this era, breezeway, fretwork above the doors and coloured glass windows in the ballroom sized lounge area. Houses alone in this street regularly fetch above the $600k mark, but with this, you also get a duplex at the rear of the property fronting Cordelia Street. This neat and tidy 70's style duplex with a mirror image layout inside provides a great return with long term tenants who desire to stay on.
The facts are:
House and duplex returning a combined 6.37%
House:
- 2 bedrooms
- 1 bathroom
- $290/week leased until June 2020
Unit 1:
- 2 bedrooms
- 1 bathroom
- $230/week periodic lease
Unit 2:
- 2 bedrooms
- 1 bathroom
- $215/week periodic lease
The house and duplex are on one title and offer the potential to subdivide (STCA), or maybe strata title the units. You could live in the house and collect the rent from the units or maybe just leave it as it is. So much potential here with so many opportunities in such a great location you will need to inspect fast as this won't last long at this price.
