Burwood Real Estate

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Canterbury Area
Canterbury Area
proudly marketed by
Gold Real Estate Group Ltd
$$ A Proven Investment! $$
If you've been searching for a solid income generator - look no further! What once was an original character home, has been converted into two flats and has proven to be a great earner for the current owners for many years. Currently generating combined rent of $500pw from two long term tenancies. Recent rental appraisals on both flats suggest there is potential for more rent. The Front flat : 1 bedroom, separate lounge and kitchen/dining/second living. (rented $260pw) The Rear flat : 2 bedrooms, open plan living and new bathroom. (rented $240pw) Both flats have been fully replumbed, newly installed water cylinder, some double glazing and rewiring plus new insulation. They each have their own separate access allowing for both tenants to enjoy a private living environment with manageable grounds. The location speaks for itself - walking distance to the Colombo Hub where there is an evolving district of elite retail and entertainment establishments. Plus, a range of sought after schools are nearby - Cashmere High, Middleton Grange, St Peters to name a few. Check out this opportunity that can give you future options and flexibility - sit back and collect rent from both, live in one/rent out the other, home and office scenario, bed and breakfast or convert back to the large family home - the choices are here and all benefit from a central city lifestyle. Come and view - you will love what this property has to offer.
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Upload by Paul Willetts