1&2/23 Lyly Road, Allambie Heights NSW 2100

Call Ken on 0400 620 000 to Arrange an Appointment.

This home has been renovated throughout, with new floors, paint, kitchen downstairs etc. It offers lots of flexibility for a large family or investor.

It is currently separated into two strata titled properties and is currently rented downstairs, but a staircase could easily be installed to combine it once again into a single dwelling.

Unit 1 -The top level contains three bedrooms all with built-ins, and main with walk-in robe & en-suite. There are two large decks one at the front and one at the rear. The large living area flows from the front door with new floorboards and new paint, the dining area & kitchen flow from the lounge to the large rear deck with district tree top views toward the coast.

Unit 2- Downstairs is entered via a flight of external stairs, there are three large bedrooms two with built-ins, new timber floors, paint, and lights throughout. The large living area flows to the dining /Kitchen and out to the large deck that overlooks the rear yard and cabin.
There is also a self-contained cabin with a front deck and its own toilet and shower at the rear of the block of land.

Investment Possibilities - The property being Strata titled & separated allows for somewhat different ownership models and for two to three rental income streams, plus potential to build a larger Granny Flat subject to Council approval.

It sits in quiet cul de sac, so all traffic is local, there is a large double suspended concrete parking pad at road level, and the house is below the parking as the block slopes away from the road. The land is 797 sqm. It is a short walk to Warringah Mall, B-line bus stop & schools.

Council Rates Each Unit - $358.80 /qtr
Water Rates Each Unit - $248.36 /qtr

Rental Unit 2 - $810 per week
Rental Unit 1 - $875 per week
Total Rent $1685 / week.