Two 2 × 1 duplex units registered on a single title offered for a combined sale.
Positioned in a quiet street, only a very short stroll from the newly updated Midland Gate, Public transport, and with medical services and excellent schools only minutes’ drive away. These units offer a great opportunity for long term capital gains with a good weekly income.
This superior investment provides the astute investor with regular rental income from long term reliable tenants, and reduced outgoings as both units are registered on a single title with zero strata fees.
Separating these units into two separate titles is an option that can be applied for via the relevant authority, but for this sale they will remain on a single title.
Location, location is another very appealing attribute of these units situated on the doorstep of “New Junction” which is the exciting redevelopment of Midland Oval creating an 11ha precinct that will deliver a diverse new range of housing, business, recreation and retail opportunities.
Future redevelopment of 18 Templeman Place is possible, subject to the appropriate planning approvals, as this 418Sqm block is currently zoned R80, providing potential for higher density build options.
This property delivers excellent investment options:
1) Rent both for immediate rental returns
2) Live in one and rent out the other unit
3) Update and value add
These two 2×1 duplex units have a practical floor plan with good sized living spaces,
- Two bedrooms, with built-in wardrobes
- Good sized kitchens, with loads of storage
- Security shutters installed on all windows
- Reverse Cycle Ducted Air Conditioning
- Carpets and tiles throughout
- Separate storage room
- Separate Single secure garage
- Solar Hot Water Systems
- Fully paved on all sides
|R&H Suburb Summary||Houses|
|Number of sales||54|
|Median Rental Price||$295 p.w.|
|Change in Rental Rate (5yr)||-22 %|
|R&H Suburb Summary||Units|
|Number of sales||61|
|Median Rental Price||$275 p.w.|
|Change in Rental Rate (5yr)||-21 %|