Rarely available on this side of town, this weatherboard house converted into 1 x 1 bedroom and 1 x 2 bedroom flats.


This property is in excellent condition, the exterior has been repainted, fenced off courtyards and recently refurnished interior with new carpets, vinyl, and curtains and repainted. Both units have got a modern kitchen and bathroom which have been re-plumbed. They also have a heat pump and insulation in ceiling.


Current rents:

Flats 1 - $260 per week fixed 16/11/13 (2 bedrooms)

Flats 2 - $210 per week fixed 23/11/13 (1 bedrooms)


Total rental of $470 per week = $24,440pa showing a return of 7.6% on asking price.


Located on 367 m2 L3 land.


All EQC repairs have been done and signed off, currently insurance with AMI.


Opportunity to obtain cash flow within in a great location, close to The Colombo, Barrington Mall, CBD, local shops, parks and recreation centres.


Green Zone, Technical Category 2, yellow.


NB: Any reference to rental yield or annual return is done on a 52 week basis.