Are you on the hunt for a property that not only provides comfortable living but also guarantees two separate income streams? Look no further! Presenting 46 & 46-2 Ariel Ave, Kingston – the perfect investment opportunity you’ve been waiting for! Located on a battleaxe block which is perfect for the security conscious.
– 46 Ariel Ave – Your family home or potential dual living option
– Built in 1975, this highset home boasts a classic charm
– Featuring 3 spacious bedrooms, 1 beautifully renovated bathroom
– Enjoy a combined lounge and dining room, ideal for family gatherings
– The kitchen offers ample cupboard and bench space, perfect for culinary enthusiasts
– Downstairs, discover additional rooms, a convenient w/c, and a laundry area that can be easily converted into dual living space
– A generous land area and double carport complete the picture
– Separate electricity and water metres
– Currently leased until 26/08/2024, generating $450 per week
– 46-2 Ariel Ave – Modern granny flat with privacy
– Built in 2020, this granny flat offers contemporary living
– It features 2 bedrooms, an open and spacious lounge, dining, and kitchen area
– The combined laundry and bathroom are designed for convenience
– Bright and airy, this dwelling exudes comfort and style
– Enjoy the convenience of a single carport
– Separate electricity and water metres
– Currently leased until 29/08/2024, yielding $320 per week
Invest in your future with this unique opportunity! Whether you’re looking to house two families separately or capitalize on multiple income streams, 46 & 46-2 Ariel Ave has you covered.
Key Highlights:
– Dual income potential
– Long-term tenants in place, eager to stay
– 1185sqm battleaxe block for added privacy
– Prime location in Kingston
– Solid rental income
– Investment in both the past (1975) and the future (2020)
If you were going to try and rebuild this opportunity in todays market:
Rebuild highset home – minimum $280,000
Granny flat – minimum $180,000
Block – $450,000
That is a total cost of $910,000
These properties are in a fantastic location for school age children with public and private schools being in walking distance. Only 1.5km to Kingston train station and multiple bus stops in a short proximity. Kingston is a hot spot amongst investors and home owners alike, make sure you jump on this opportunity and attend the open home on 07/10/2023 at 11:00am – 11:30am.
See how much you can borrow with our Borrowing Power Calculator.
Enter your address to get a free Property Appraisal, featuring market value insights, recent sales, rental history, suburb trends, and more—everything you need to make informed property decisions!
Rowena Gill
Rowena Gill
Rowena Gill
