SOLD | OCTOBER 2024
$609,000
3 BED 2 BATH 1 CAR
1/2 SHARE OF 1,011 M2
(MORE OR LESS)
Investors Forget Townhouses! 2 For The Price of 1
For any investor, the ideal investment is one where you can purchase a single HOME and derive two incomes. Here at 1/62 Linwood Avenue, this HOME has been split into two flats, returning a neat income of $815.00 per week. This should be at the top of your list!
We have a comprehensive information pack on file, including a builder’s report, Healthy Home statements, tenancy agreements, EQC documentation, insurance certificates, and the full council file.
Unit 1 offers one bedroom and has been fully renovated in recent years:
– Fully rewired, including a new switchboard
– Replumbed
– New kitchen and bathroom
– Walls and ceiling insulated
– One off-street car park
Unit 2 boasts two bedrooms and has been renovated and updated over the years:
– Fully rewired, including a new switchboard
– New bathroom
– Ceiling insulated
– New HWC
– Heat pump
– New carpets throughout
– Access to a freestanding double garage and two off-street car parks
Other important points for the entire HOME:
– Cross lease FREEHOLD title
– New roof installed post-quake
– Ceilings insulated
– Heat pump
– New carpets throughout
– New sewage pipes and repaired stormwater pipes (November 2021)
– Separate electrical meters
– Separate council waste bins
– Separate insurance policies with AA
There is plenty of peace of mind with this investment. The EQC claim will be assigned to the purchaser, but all work on the HOME has been completed and signed off. The land value is underpinned by RMD zoning, there has been no vacancy over the last five years, and the HOME is located just minutes from the CBD.
Simply put, after a five-year tenure, our owner is moving on, and this HOME must be sold.
Property Type
House
Agency Reference
62LINWOOD
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