Cash Flow Generating Property with Growth Potential

This property offers significant potential as a future dual-income investment. Located on ever-popular Clayton Road, 307 & 307a Clayton Road features a combination of a spacious 3-bedroom house and a separate 1-bedroom unit, providing multiple options for increased returns.

The House (3-bedroom):
Recently Renovated:Freshly painted interior and new carpet throughout.
Current Income: Rented at $600 per week.
Potential for More: Convert the existing space in the lounge (previously a staircase) into a 4th bedroom and modernize the kitchen to boost rental income.
Estimated Rent Potential:$650 - $670 per week with updates.
Approximate Cost of Work: $13,500.
Outdoor Space: A private backyard and single garage enhance appeal.

The Unit (1-bedroom):
Smart Layout: Open-plan living with an extra room suitable for a study or storage.
Current Income: Rented at $500 per week.
Urban Convenience: No off-street parking, ideal for tenants who prioritize public transport or minimal vehicle use.

Total Income and Potential Yield:
Current Combined Income: $1,100 per week.
Gross Yield: 7.9%.
Potential Combined Income: $1,170 per week.
Potential Gross Yield: 8.2%.

Don't miss the opportunity to unlock this property's full earning potential. Contact Bryn today for a private viewing and more details about how you can maximize this investment.