A truly rare and exciting opportunity in one of the Illawarra's most tightly held suburbs, this exceptional property in the heart of Balgownie Village offers unmatched versatility and value. Set on a generous 846sqm parcel of land on a quiet & private block, the property features three fully self-contained residences – perfect for investors, extended families, or savvy homeowners looking to generate strong rental returns.
Conveniently set back from the street via a private driveway, this property presents outstanding value and versatility for a range of buyers. Whether you're an investor seeking multiple income streams, a multi-generational family wanting to live close together with privacy, or a homeowner looking to occupy one residence and offset your mortgage with rental income – this property provides the flexibility to suit with 348sqm of internal space (approx)
Property Features:
Dwelling One - Three Bedroom Apartment with forth bedroom option:
Located on the upper level, this light-filled residence features spacious open-plan living, a large functional kitchen, three well-proportioned bedrooms, with the main benefitting from a walk in robe and ensuite. Ideal for families or long-term tenants, it also offers a huge rumpus space with North-East facing panoramas and ocean glimpses. The estimated rental income on this apartment is $750 per week.
Dwelling Two - Two Bedroom Apartment:
Situated on the lower level with its own separate entrance, this neatly presented apartment includes an open living/dining area, functional kitchen, two bedrooms, and plus an additional laundry. A great option for young couples, professionals, or small families, the property is currently leased to a long term tenant for $475 per week.
Dwelling Three - Bedsit/Studio:
Fully self-contained, this compact space is perfect as a rental, guest accommodation, or even a home office. It includes its own kitchenette, bathroom, and separate entry, offering excellent flexibility and consistent demand. Currently tenanted to a long term tenant for $320 per week.
This is a rare opportunity to secure a high-yielding, multi-residence property in a prime lifestyle location. With exceptional flexibility and strong current returns, this standout blue chip investment in Balgownie is one to be considered.
- Set on a fantastic 847sqm block in prime Balgownie location
- Three dwellings on one title with separate entry points for privacy
- Potential rental return on all three dwellings of $85,000 (approx)
- Lock up garages, carport plus driveway parking for multiple vehicles
- Established gardens and low-maintenance landscaping
- Walking distance to Balgownie Village shops, cafés, school & transport
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