48 Locke Street, Raglan NSW 2795

Located in popular Raglan on a 2023 sqm block, these two immaculately maintained properties are currently returning $660 per week in combined rent (rental appraisal in current market $720 pw combined). Additionally, the block has further potential for either dual occupancy or outright subdivision to create a vacant lot (STCA) truly a unique investment opportunity!

• Front dwelling is rented at $420 pw currently, & comprises of three bedrooms, two separate living areas, tiled open-plan kitchen/dining area, laundry, & bathroom.
• Neat and tidy kitchen with electric cooking
• Bathroom offers both shower and bathtub
• Split system a/c in living/ dining area
• Located on the lower level at the rear of the property is a two-bedroom residence, currently rented at $240 pw, featuring a kitchen with electric cooking, dining, living room, bathroom, & laundry. (Appraised at $300pw in current market)
• A large shed (8m X 9m) is located at the rear of the property, with rear-lane access for convenience.

Build a third dwelling (STCA) and create a three-stream income property; alternatively, the buyer may choose to keep the dwellings separate or re-open the staircase that joins the properties internally, and reinstate the original five-bedroom family home, making it ideal for the large, extended family.
Located in family-friendly Raglan just minutes to Raglan Public School, parks, playgrounds and a short ten-minute drive to Bathurst CBD, this investment opportunity will not last long! Call now to arrange your inspection.

Other information:
**48 Locke- 3 bedroom-$420.pw-lease until 14/07/2022
**48b Locke -2 bedroom- $240.0 pw-lease end 22/09/2022
**Council Rates: $3,515.18 pa