SOLD
691 Gloucester Street, Linwood
Potential for an 8% plus return
Discover a unique property that offers not just a home, but a potential for multiple income streams. Set on an expansive 640sqm land, this investment promises both immediate revenue and future land-banking benefits. Spanning 140sqm, this house has been cleverly divided into two separate flats, ensuring versatility, and maximizing your investment potential. The rear flat features two bedrooms, one bathroom, a cosy living space and a separate kitchen.
Currently, the owner resides in the front flat while the back flat awaits your occupancy. Vacant possession is available as an option. With rental appraisals suggesting potential earnings of up to $920 per week for both units combined, generating a positive cash flow poses no concerns.
The front flat has undergone recent improvements, including fresh paint and new carpeting, enhancing its appeal and value. Both flats are equipped with modern amenities, including heat pumps, log burners, rangehoods, and extractor fans, ensuring they meet Healthy Homes compliance standards.
•Rental appraisals indicate potential earnings of up to $920 per week.
•Potential for an 8% plus return
•1 x 2-bedroom and 1 x 3-bedroom flats
•640sqm of TC3 RSDT land
This location is sought after by both tenants and owner occupiers being the last affordable suburb close to the inner city. Seize the chance to secure your foothold in the world of property investment. Our vendor is selling up and moving across the ditch, with land and strong cashflow don’t miss this opportunity.
140sqm
5
2
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Our Award Winning Team
Angela Webb
Angela Webb heads up Bayleys Canterbury’s residential investment division and a team of five like-minded sales professionals. With an extensive career in this very specialised sector...
Grace Bruere
As an integral member of Angela Webb’s team, changing people’s lives for the better underscores everything Grace does. She loves nothing more than seeing the joy on her clients’ faces...