11 Addis Street, Lamington WA 6430

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]