This dual-income property presents an excellent investment opportunity. Located in ever popular Clayton road, 307 & 307a Clayton Road offers a combination of a 3-bedroom house and a 1-bedroom unit.
The House (3 bedroom):
Recently Renovated: Freshly painted interior and new carpet.
Income: Currently rented for $600 per week. Explore the possibility of converting to a 4-bedroom for increased rental income.
Outdoor Space: Enjoy a private backyard and single garage.
Potential: utilizing the space in the lounge that was previously a staircase to create a 4th bedroom and update the kitchen. Rent potential $650 - $670 PW. Approximate cost of work $13,500
The Unit (1 bedroom):
Efficient Layout: Open-plan living and an additional room (ideal for study or storage).
Income: Currently rented for $500 per week.
No Off-Street Parking: Ideal for tenants who rely on public transport or have minimal vehicle needs.
Total Income and Yield:
Current combined Income: $1100 per week
Gross Yield: 7.9%
Potential combined income: $1170 per week
Potential combined income: 8.2%
Don't miss out contact Bryn today to schedule a private viewing and learn more about this investment opportunity.
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