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Income-Generating Property with Dual-Living Potential

R 2,150,000

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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):4
Bathrooms (#):2
Size (sqm):377
Parking:Garage
Description
Are you a first-time buyer or an investor seeking an effortless way to generate additional income? This distinctive property offers an ideal solution. With minimal investment, the house can be easily converted into two separate units, allowing you to enjoy the comfort of your own home while earning not just one but two rental incomes. This property presents an excellent opportunity to maximize your income potential without compromising on convenience.

Key Features and Income Potential:
The upper level boasts a spacious living area with three bedrooms, a lounge, dining room, and a well-appointed kitchen—perfect for your family's comfort. The lower level features an open-plan lounge area, which requires only a kitchenette to be complete, and a bedroom with an en-suite bathroom, needing just a shower to finish. Additionally, a free-standing cottage on the property provides even more flexibility—ideal for rental income or private accommodation for extended family. With minimal expense, the downstairs area and the cottage can be transformed into fully independent rental units. This property is perfectly suited for first-time homeowners, savvy investors, or anyone seeking to enhance their income through a live-and-earn setup. Don't miss this exceptional opportunity to secure a home that offers both comfort and financial potential!

Has Pool
Property Reference #: TPR20268

Agent Details:
Niki Ridgway
Tyson Properties
22 Westville Road
Westville
3630

Id Subtitle 1311489074
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Estimated monthly repaymentR 23,300
Total property loan amountR 2,150,000
Total interestR 3,441,929
Total repaymentR 5,591,929
Interest rate at 11.75% for 20 years *
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Tyson Properties
Selling for 7+ months
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