What a versatile package this Raggatt Street parcel is…with two separate dwellings and a rental income of $1250 per week; this would make a superb investment, could suit extended families looking for good separation of living, or live in one and rent out other to pay off your mortgage faster!
•2 dwellings, 1220m2 block
•Generating $1250 per week
•Versatile options for buyer
•Walk to local schools & shops
•Popular family-friendly location
The main home is complete with 2-metre wide entrance hallway, three bedrooms, two bathrooms, open plan living, modern kitchen with stainless steel appliances and south-facing patio. Features include: split-system air-conditioning, dishwasher, luxury spa bath in second bathroom, quality carpets in bedrooms, and easy-care tiled flooring in living.
A flat, separated from home by privacy fencing, is complete with two spacious bedrooms, study, modern bathroom with floor to ceiling tiles, and open plan kitchen/living. Both bedrooms and living area have split system air-conditioning. Separate block work building has high clearance patio/carport area.
The 1220m2 block is fully fenced and there is abundant onsite parking, as well as a garage and carport structure. The improvements site comfortably on this extra-large allotment, and the property could be modernised to enhance value and appeal over time.
Clearly the possibilities here, just like the Northern Territory, are endless. This could be purchased purely as an investment property, purchased and renovated to property flip for capital gain, purchased to live in with either the home or flat rented out, purchased for the extended family who want to live together without compromising privacy. It could even suit the work-from-home scenario, live in the house and run your business from the flat. You could apply to Town Planning for subdivision into 2 properties.
Located in popular Old East Side – this is such a family-friendly location, within walking distance to local independent and public schools, Charles Darwin University, netball and soccer fields, and local shops.
Buyers seeking location and versatility MUST strongly consider – this is quite a unique offering.