Situated on a huge 1,052 square metre block is this potential duplex house opportunity where you can rent out, renovate and make it your home, or utilise the R20/50 zoning to develop. With four bedrooms and two bathrooms overall - each side to this house has two bedrooms and one bathroom - there is plenty of space to work with!
Property Highlights:
- Early 1900's home with some renovations throughout
- Two separate sides: A and B
- Two bedrooms, one bathroom to each side
- Seperate water metres to each side
- One electric meter (Side B) and one sub meter (Side A)
- Gas connection to Side B
- Front yards with gates to each side
- Side A includes split-system air conditioning to the living area
- Characteristic style maintained throughout with potential to renovate
Investor Summary:
- This property is currently vacant and ready for immediate occupation
- Estimated market rent for each side is approximately $360 per week
- Given a purchase price of $450,000 and market rent, the estimate rental yield for this property is 8.34%, given that both sides are rented out.
- HouseSmart Real Estate is highly active in Midvale and the surrounding areas, and can provide high-quality property management services throughout the course of the tenancy and beyond.
Side A: Set behind secure gates, this two-bedroom, one-bathroom home also includes a sleepout, large living area with split-system air conditioning, a patio and lawn area to rear. The kitchen area features plenty of cupboardry, an electric oven, and floor-board style flooring. The dining area features high ceilings, and the windows throughout are well-positioned and quite tall, to allow in maximum lighting. The backyard has a patio for an outdoor table and chairs, and the grass lawn allows plenty of room to run about. There is separate fencing to the properties, to allow for privacy.
Side B: To the left hand side of the property, this unit has roller shutters, a carport area, side gate access to the rear, and a courtyard with lawn to the front. To the inside, there is a sleepout area for extra room, as well as a living area, two bedrooms, and one bathroom. The kitchen features plenty of bench space, a double sink, and gas hotplates. The bathroom includes a shower plus bath, and decorative tiling. To the back of this side, there is another patio, as well as a large backyard of approximately 400 square metres, not including the drive-through access to the road.
Perfectly situated nearby schools and shops, including walking distance to Midvale Primary School (650m) and Midland Gate Shopping Centre (1.6km), there is a prime opportunity here to develop, rent, or renovate. The zoning of R20/50 means that, subject to council/planning commission approval, there is potential to built a maximum of two lots. The side access to the rear means that with approval, this may be easily able to be achieved by retaining the current house and building at the back).
There is a lot you can do with this property, with four bedrooms, two bathrooms overall, two sides/units presenting ample opportunity, and a good land size for potential future development. Make sure you don't miss out on this one!
View more
View more
