Double the home means double the rental returns; this property boasts a true dual living opportunity, which makes this a very attractive investment option.
The home sits on a massive 979m2 corner block with two street access. The property also gives the opportunity to build a duplex or dual occupancy component (TWO SEPERATE HOME).
The home has been refurbished on both levels, downstairs is completely self-contained with bedrooms, bathroom, living areas and a huge modern kitchen.
Moving up stairs via the internal spiral stair case, you will be impressed by the large living area, polished timber floors throughout, air conditioning, 2 further bathrooms, 3 additional bed rooms, large internal laundry room and a colonial style kitchen with more than ample bench and cupboard space.
Externally the home has so much to offer, a raised front deck area overlooking the in ground salt water pool, a double carport with roller door, open parking for 4 cars on a fully concreted driveway and pad, 2 street access with electric gate to the front and double manual gates to the side.
Properties such as this, a true dual living property, are constantly in high demand, this particular suburb, Rochedale South , is constantly in high demand, every smart investor knows that occupancy rate is paramount than your return on the investment. Properties with these inclusions in this postcode readily show returns greater than 5.2%.
The current lease is due to expire in May 2017 with this being the second term the tenant is undergoing. The weekly rent is below true market value as these occupants took possession prior to the refurbishment being complete. The current weekly rent is at $490.00 p/w which is approximately $30.00 to $45.00 below other comparable properties.
Positioned in the heart of Rochedale South close to the suburbs private and public schools, this home is suitable for an investor to reap the rewards.
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