Popular choice of property for investors. Duplex Pair – One Title – no body corporate levies. There is potential for improvement which could increase the rental income return and in turn increase the property value. Maybe you’re thinking of living in one and renting out the other? The options offer plenty of choice for the future and the location great – a quiet street, walking distance to Four Mile Beach. Also close to Golf Club, Supermarket, Restaurants, Tavern, Café & Bottle shop. Full duplexes are VERY POPULAR as an investments and this residential duplex, on 1 freehold title, is a solid block building with both units currently rented to long term tenants.
Unit 1 – $290 per week – leased to Jan 2022
Unit 2 – $305 per week – leased to May 2021
Council Rates $2500 approx. per year
Council Water $400 approx. per year
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|R&H Suburb Summary||Houses|
|Number of sales||54|
|Median Rental Price||$590 p.w.|
|Change in Rental Rate (5yr)||18 %|
|R&H Suburb Summary||Units|
|Number of sales||184|
|Median Rental Price||$330 p.w.|
|Change in Rental Rate (5yr)||-3 %|