Double Whammy!

12 Redmond Street, Elgin

3 Bed
2 Bath
2 Car

Two homes for the price of one.

Get more bang for your buck with this fabulous dual dwelling property, perfect for the extended family or investor. Very appealing two bed stucco house with Cedar clad porch, large garage (with newly installed automatic opener) with attached lined and carpeted room. Separate 1970's one- bed unit. Both dwellings are insulated and heated to current standards (front house with heat pump), are fully fenced and have their own access.

With great long term tenants willing to stay, the front house is currently rented at $350 per week with a rental appraisal of up to $370 per week. The back house has a reduced rent of $260 per week, which could be increased to up to $300 per week with the inclusion of the garage, giving a potential annual return of $33,800, giving a healthy rate of return. And yes, this will be sub-dividable for added value!

Open Home

Sunday 23 Feb: 12:15pm - 12:45pm

Auction

Thursday 12 March at 1.00pm

(Unless sold prior)

Legal Description

Freehold
Lot: Part Lot 5 DP: 1862
CT: GS110/67
Being more particularly described in the attached Certificate of Title. Free of all charges

Land Area

883 m2

Floor Area

130 m2

Year Built

1950-59

Rateable Value

$256,000

Rates

$4,438.00