Positioned in the heart of Summerland Point, this versatile property presents an outstanding opportunity for savvy investors or first home buyers looking to maximise value.
Generating a combined return of $1,125 per week ($675 for the main residence and $450 for the studio), with an estimated 5.7% yield, this is a ready-made income performer with strong appeal.
The property offers separate electricity metering and individual entrances, ensuring privacy and convenience for both dwellings. The fully fenced studio also provides a secure and self-contained environment-ideal for tenants or extended family.
The main residence features three bedrooms, two with built-in robes, a spacious kitchen, two living areas, air conditioning, and ceiling fans throughout. Outdoors, enjoy a large entertaining deck, fenced veggie garden, and two garden sheds for additional storage.
The detached studio includes a bedroom, air conditioning, kitchen, and combined bathroom/laundry-perfect for dual occupancy or additional income.
Set just moments to local shops, the waterfront, and Summerland Point Reserve, this is a prime opportunity for those seeking lifestyle and return, with scope to renovate and add further value.
