Discover a rare opportunity in Wellsford: this solid, tidy, purpose built, block of four individual brick units, perfectly positioned for investors seeking strong, reliable rental returns. Set on a large freehold section with ample parking and usable outdoor space, this property combines immediate income with potential for future growth.
Each two bedroom, one bathroom 57sqm unit offers open plan living with high stud ceilings, plenty of natural light, heat pump, and its own full kitchen and laundry.
Well maintained property, with recent interior refresh on two units, ensuring the block is low maintenance and turnkey. The section offers privacy and space for all units, with dedicated parking for each flat, shared laundry lines, and a garden area. A new roof and a quality build, further reduce ongoing costs, making it a smart investment.
Ready to generate income from day one.
Current rents of $420 (moving in soon), $420, $395 & $385 per week; this property provides a solid yield while allowing flexibility for future opportunities. Good history of long term tenants, providing stability and peace of mind for any investor.
- Gross rental income potential at current rents: $84,240 per annum
- Stable, long-term tenants in place, with minimal vacancy risk
- Full Healthy Homes compliance
- Flexible options for future Airbnb or short term/long term rental setup to capitalise on upcoming motorway construction
- Lots of potential upside - investigate subdivision, an additional dwelling, or extending into the extensive basement area for capital growth.
Set in a popular Wellsford location, the property is an easy, short walk to the shops, doctor, Schools, while enjoying a semi rural feel with rural views at the rear. Whether you are seeking a stable rental return, a potential Airbnb setup, or potential future land banking or subdivision possibilities, this block is a rare offering that blends solid income with long term upside. Don't delay or you may miss this great opportunity.