Under offer
11 Addis Street, Lamington WA 6430
$589,000
Under offer
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5 Bedrooms
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3 Bathrooms
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4 Cars
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Landsize 1,012m2
House
View
Dual Property Investment: Avoid the Vacancy Periods and reach a Potential 11% Return !
Seize this exceptional investment opportunity with two separate homes on one title, offering a combined rental income of $1,100 per week and the potential for a 11% return. With only one set of council and water rates to manage, this is an investor's dream for maximizing returns while minimizing expenses. Or move into one house and have an instant investment property next door to help pay the mortgage?
Home 1 (11a) is a free standing renovated 3x2 home featuring an open plan kitchen, dining, and living area, reverse cycle A/C, Gas Cooking, BIRs, Ceiling Fans, Ensuite bathroom has a toilet, Basin & Shower, Main Bathroom has double sink vanity, shower over the bath & Toilet, Internal Laundry, Large shed with rear lane access, cute decked patio and veranda, established gardens with Fake Turf to the front and real grass to the back yard, Large shed with 2 roller doors, Water Tank, Gas HWS, Mains Gas Connected. Leased until 28/01/2025 @ $620.00pw..
Home 2 (11) is a free standing cozy 2x1 renovated home with gas cooking, reverse cycle A/C, wood fire, BIRs, Bathroom with shower over the bath, vanity & toilet, external Laundry, 2nd Outdoor Toilet, a patio area, established gardens with Fake Turf to the front and back yards, Large shed with 2 roller doors, Water Tank, Garden Shed, Gas HWS, Bottled Gas Leased until 16/11/2024 @ $480.00 pw.
Each within their own boundary fence lines on the 1 title, these 2 homes are perfect for the savvy investor to lease separately, dual families looking to love close by each other or a new homeowner looking to instantly become an investor! With staggered lease timelines, you'll never have to worry about a vacant period again-accurate timing of leases means you'll always have income coming in. This dual-property package is a rare find, offering reliable returns and peace of mind. Don't miss out!.
Water rates: Approximately $290 per annum
Council rates: $3,818.49 per annum
To arrange a viewing or for more information contact Carla Viskovich on 0467 635 483 or [email protected]
Property features
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Garages
1
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Carports
3
Property snapshot by reiwa.com
This property at 11 Addis Street, Lamington is a five bedroom, three bathroom house listed for sale by Carla Viskovich at Elite Choice Real Estate.
For more information about Lamington, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Lamington profile page.
If you would like to get in touch with Carla Viskovich regarding 11 Addis Street, Lamington, please call 0429 935 483 or contact the agent via email.
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Lamington overview
Are you interested in buying, renting or investing in Lamington? Here at REIWA, we recognise that choosing the right suburb is not an easy choice.
To provide an understanding of the kind of lifestyle Lamington offers, we've collated all the relevant market information, key facts, demographics and statistics to help you make a confident and informed decision.
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Lamington quick stats
High end
$590k
Median
$421k
Low end
$365k
This listing
6.6 %
Annual growth
$421k
Annual median sales price
$680pw
Annual median rental price
