Ideal for investors and those seeking future growth, this residential property is situated in the center of town and ideally zoned for residential or commercial use. Previously returning a healthy return on investment via a residential tenancy, the property could easily see even better returns as a commercial premises already surrounded like properties.
The solid brick home is of good size and offers the added bonus of an attached granny flat with its own kitchenette and bathroom, whilst the lower level offers a spacious double garage, laundry and store room. The property has 2 street access from the front and rear allowing ample off street parking in the rear yard, easily accessible from Murray Lane.
Ideal for investors in the know, this property can work well for you both now and in the long term and is well worth consideration.
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|R&H Suburb Summary||Houses|
|Number of sales||331|
|Median Rental Price||$270 p.w.|
|Change in Rental Rate (5yr)||8 %|
|R&H Suburb Summary||Units|
|Number of sales||48|
|Median Rental Price||$220 p.w.|
|Change in Rental Rate (5yr)||10 %|