AMAZING Value as an Investment or Live In!!
221 Namatjira Drive, FISHER ACT 2611This property is a very rare find as the current owners have converted what was a four bedroom, ensuite home into two, well configured two bedroom homes.
It can very, very easily be converted back if you so desire - or it works amazingly well as two separate homes if that is your requirement.
Both properties are north facing with separate entrances together with their own driveways and carports. The homes have been modified so that they are both separately metered for gas and electricity.
Both also have newly updated gas wall furnace heaters and the exterior of the property has recently been painted
The front property (A) has a large lounge and dining room that flows onto the kitchen. This area incorporates the laundry as well and is enhanced by sollid timber floors. It also offers two large bedrooms,one with built in robes and the other is large enough to house freee standing robes. Both have access to the convenient two way bathroom as it is located between the two.
The rear property (B) has an open plan design with a large kitchen and light filled living area. The two bedrooms are also spacious and both offer built in robes The bathroom is separate and there is a separate laundry with a rear door.
In its current configuration the property is rented for $620 per week. At a sale price of $480,000 it would provide you with a yield of 6.72% which is a fantastic return on your investment.
Or the property could be very easily converted back to a spacious four bedroom ensuite family home. All that needs to be done is to remove the second kitchen which will again allow access through the original door which has simply been covered to create the separation of the two properties.
The rear yard is private and mostly level with ample room for kids and pets to play. All fences are in need of repair but fixing those will only add to the privacy.
Overall, the property needs some TLC (which has been factored in to the price) but there is nothing urgent.
This property offers exceptional potential as a rental or to live in and we do believe that with a little work it could be stunning. The solid timber flooring that runs through the home is just beautiful. Take a peek in the kitchen of the front property - once you see the floors you want to remove the carpet throughout the rest!
This property is AMAZING in so many ways and an inspection is a must!! EER 2.5