Looking for the ultimate investment property or perhaps the family home that
provides accommodation for the extended family while still having the option to collect a rental income? Then look no further than this versatile, rare offering!
The home has been freshly renovated throughout, offering a modern design with a generous floor space. The vendors have spared no expense in labour and time, bringing old back to new. Split into three separate properties, providing a unique opportunity with a potential rental return of $1000 per week.
The grounds are beautifully maintained with manicured gardens, situated on approx 747m2 of land, it also has the space to add a granny flat to the rear (STCA). Giving you the option for a forth income stream or if preferred, the perfect space for a pool and entertainment area that the whole family would love.
Positioned perfectly within a short walk to schools, public transport, Warrawong Plaza, Lake Illawarra and only a 10 minute drive from Wollongong CBD and University.
The property consists of the following:
The main home offers single level living with four generous sized bedrooms all with built in wardrobes, large living and dining area with fire place and reverse cycle air conditioning, open plan kitchen with breakfast bench and new stainless steel appliances, stylish bathroom with separate bath, shower and toilet showcasing the latest fixtures and fittings and a generous sized balcony with uninterrupted escarpment views.
Potential rental income of $500 per week
Unit 1: Home Business/Office or Accommodation for the Elderly Parents:
Located at the front of the home is a one bedroom self-contained unit which is generous in size, including a kitchenette, living/dining area, large bedroom and bathroom.
This would be ideal for the home business or elderly parents as it can be accessed internally from the main home but also has its own private entrance externally.
Potential rental income of $200 per week
Unit 2: Accommodation for the Extended Family or Additional Income Source
Located to the rear of the home is a two bedroom self-contained unit, offering a large open plan living, dining and kitchen area, updated bathroom and two generous size bedrooms. This would be perfect accommodation for the extended family or for the additional income.
Potential rental return of $300 per week
This lower level will bring happiness and joy to many people, offering an abundance of storage throughout, large rumpus room which would be ideal for the man cave or teenagers retreat, huge wine cellar and plenty of workshop space for the handyman.