This investment property presents an attractive income-generating opportunity, with all existing rooms currently rented out. The property offers a diversified rental setup comprising accommodation within the main house, additional freestanding flatlets, as well as two further flatlets reflected on the plans, providing potential for future rental income growth.
The main house consists of five bedrooms, each fitted with its own prepaid electricity meter, together with a kitchenette and a shared family bathroom. The individual prepaid meters allow for more efficient management of electricity consumption and reduce the owner's exposure to utility costs. The property also provides secure on-site parking for up to five vehicles, with the parking area situated behind a gated entrance.
In addition to the existing accommodation, the plans provide for two further flatlets, each designed with its own kitchen and bathroom and equipped with an individual prepaid electricity meter. These additional units present an opportunity to increase the property's overall rental capacity and income potential, subject to the relevant approvals and completion requirements.
The property also includes three freestanding flatlets, each fitted with a kitchenette and sharing a family bathroom. These additional rental spaces further strengthen the property's income-producing profile and provide multiple streams of rental income from a single investment.
Overall, the property offers investors an established multi-unit rental opportunity with all existing accommodation currently occupied, individual prepaid electricity metering, secure parking, and additional development potential. The combination of current rental income and the opportunity to expand the number of income-producing units makes this a property with potential for both ongoing cash flow and future value enhancement.
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Based on 23 live for-sale listings in this suburb.
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