For those looking to secure a set and forget residential investment, there is no property more attractive than 87 Powell Street on the market today. With current long term tenants in place, the property is enjoying a weekly return of $400 a week, a potential yield as high as 6.5% within the anticipated price bracket.
The home is a large 5 bedroom affair, with double lockup garage, 2 kitchens and 2 bathrooms across the two self contained levels.
There is a prescient focus on a low maintenance ease of living throughout the interior, all the furnishings, while not modern, are serviceable and well maintained. Both floors of the home allow for self contained living, with a bathroom and kitchen in each, providing for many potential leasing/dual living opportunities.
The property sits on ample 538m2 block that is fully fenced, and is surprisingly private, benefiting from having immediate neighbors on only one side. Undercover lockup garaging and rear and front balconies are nice finishing touches on this full-scale, family sized home.
At $329,000, 87 Powell punches well above the standard market rate in both sheer living space and rental return. The home is not just an enviable investment prospect however, with its scope and price tag this property should offer much to large families in search of an affordable home of this size.
