1 Mead Street, Banksia NSW 2216

With two beautiful properties on one expansive title, a unique opportunity has just become available in Sydney's Banksia for a home and investment combined. Live in one property and rent out the other, or lease out both for an approximate return of $75,400 per annum - the options truly are endless.

Located on a corner block, the main property - a charming single-story home - boasts beautiful Federation-style features, including intricate ceiling detail and a stunning fireplace in the main lounge area. You'll love the two well-appointed bedrooms that are bathed in natural light (and come complete with wall-to-wall built-in-wardrobes) as well as the recently renovated kitchen, bathroom and internal laundry. A separate dining room features sliding doors and staircase that leads out to a large backyard, with both a grassed section for children to enjoy playing in and a separate alfresco area that's perfect for entertaining.

The backyard also provides you with gated access to the second property, which is a separately metered, near-new two bedroom, one bathroom home or granny flat. With separate frontage onto Tabrett St, the flat can be accessed directly via its own sliding gate, with off-street parking for two cars. It's both comfortable and modern, with a combination of floating floorboards and tiling throughout. Both bedrooms are well-sized and have built-in-wardrobes, whilst the bathroom also provides laundry facilities and additional storage. The open-plan design features a combined living and dining space, and also offers split-system air-conditioning and a decent-sized kitchen, with stainless steel appliances and ample cupboard space.

Situated in walking distance to Banksia Train Station and a short drive to Rockdale's shopping district, parks and both primary and secondary schools, it also offers a fast-track to Sydney's CBD, Airport and the M5 motorway.