- Live in one property and rent the other to supplement your mortgage?
- Dual income purchasing as an investor / SMSF for an amazing $78k* pa income?
- Multi-generation living with parents or adult children in the second residence?
- Knockdown/rebuild the front house while you live in the back house?
On offer is an opportunity with so much potential with so many choices.
The original home has been renovated and offers a lovely cottage atmosphere for the new owners. The open plan of the lounge, dining and kitchen area allow easy living, and the three bedrooms accommodate queen and double bed furniture and all have built-in robes. The kitchen, laundry and bathroom have been renovated, and the home has been freshly painted - sparkling for a new owner to enjoy.
The 2020 house is slightly smaller in size – but offers three bedrooms each with their own ensuite. The open plan lounge and kitchen provide comfortable living, and are flooded with natural light with the large windows. The house was designed by these owners, and Canberra Granny Flat Builders were so pleased with the project, they have kept the design and used the property as a display office on weekends. Optimising passive solar design principles, it takes full advantage of the sun and saves energy costs throughout the year. It was also designed specifically for university students with each bedroom having an ensuite and a study nook. One of the ensuites has a bath. The kitchen and one bedroom / ensuite are compliant with disability guidelines.
Whether you are wishing to have a home in O'Connor and supplement your mortgage, or think second generation living is best for your family circumstances, or are a professional investor, or even think about knocking down the front home to build something spectacular like others have done in the street, this is a rare find as we can find no comparable properties like this in past Inner North sales.
Housing affordability is always in the media for young families, so parents could find downsizing and helping their children or grandchildren live in the Inner North with them, with the privacy of a separate residence, is an option worth exploring - without the expensive Inner North price tag.
The parcel of land has not been subdivided, so both properties are offered on one title - and each property has a separate electricity meter. Buyers can make their own enquiries about whether subdivision is possible as the site in Residential 1 Zone and over 800m2.
The location is simply gold. Both homes have north-east orientation, and the quiet street only has traffic from the residents. Transport options are close by, and the fantastic O'Connor shops offer so much choice. Bike tracks are nearby for easy access to Braddon, Canberra CBD and the two universities at ANU and University of Canberra.
House 1
- Substantial renovation undertaken in 2016
- Asbestos removal by professionals throughout renovation
- New kitchen, laundry and bathroom
- New hot water system and removal of fireplace
- Installation of reverse cycle air conditioning
- Security flyscreens
- Low maintenance exterior cladding recently repainted
- Composite front deck
- Freshly repainted inside and outside
- Two off-street car space allocations
House 2
- Constructed by Canberra Granny Flat Builders to owners' design
- Passive solar design principals for full energy efficiency
- Low maintenance with vegie pods as gardens
- Three bedrooms each with built-in robe and ensuite (one bedroom with study nook)
- Open plan lounge and kitchen, compliant with disability guidelines
- One bedroom/ensuite is also compliant
- Reverse cycle AC unit
- Wall heaters in each bedroom
- European laundry
- Off street parking for two cars
Income: $78,000 per year (*based on figures achieved by current owners)
Land Tax: $11,477 pa
House 1: $750 pw
House 2: $750 pw (based on university students at $250pw)
House 1:
1951 construction
2016 renovation
Residence 98.5m2
EER 1
House 2:
2020 construction
Residence 86m2
EER 6
Land Rates: $5449 pa
Land Value: $1,040,000
Land Size: 829m2
Note: All figures and measurements are approximate
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