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Lodge Real Estate - Hamilton East
Real Estate Agents
- Listing #:
- L27876650
- Listed:
- 18 days ago
$795,000
Over 7% Yield Return! Two Dwellings, One Title
10A & 10B Odlin Crescent, Nawton, HamiltonResidential House
-
- 5 Bedrooms
-
- 2 Bathrooms
-
- 1 Toilet
-
- 2 Car Garages
-
- 3 Offstreet Car Parks
-
- 728m2 Land Area
About this property
Embrace the rare opportunity presented by this exceptional property, boasting not one, but two dwellings on a single freehold title. Set on a spacious 728m2 freehold section, this investment gem promises versatility, convenience, and outstanding returns for savvy investors.Front House:
Step into the charm of a bygone era with the original 1970's home, featuring three bedrooms and a main family bathroom, this residence offers ample space for families or professionals seeking comfort and functionality. The heart of the home lies in its large open plan kitchen and dining area. Sunlight cascades through the bay window, illuminating the sunny living room, creating a welcoming ambiance for relaxation or entertainment. While the front house may benefit from a touch of TLC, its structure and classic features provide an excellent foundation for renovation enthusiasts. With a rental appraisal ranging from $600 to $620 per week (current condition), this property presents a lucrative opportunity to add significant value.
Rear House:
Complementing the original residence is a 2018 built ancillary dwelling, offering modern comfort and style. Boasting two double bedrooms and a main bathroom, this contemporary abode features an open plan kitchen and living area with double glazed joinery throughout that opens to a small raised deck. Convenience is key with ample storage options, ensuring residents enjoy a clutter-free living environment. Currently leased with a fixed term tenancy generating $550 per week in rental income, the rear house presents a turnkey investment opportunity with immediate returns.
Investment Potential:
With a combined rental income yielding over 7%, this property represents a lucrative investment opportunity for astute investors. Positioned in a developing area, it offers the promise of capital appreciation and sustained demand from tenants seeking quality accommodation.
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