Sold
57 Perwillowen Road, Burnside
Bed 4
Bath 2
Car 2
Land 675m2
Sold for $765,000
Duplex Pair with 6.24% Gross Rental Yield!
This meticulously renovated duplex pair offers an unparalleled investment opportunity for savvy investors seeking high rental yields with minimal upkeep. Currently generating a combined rental income of $940 per week, with a gross rental yield of 6.24%, this property is a standout in today's market-providing immediate cash flow and long-term growth potential.
Each unit boasts two generously sized bedrooms, a sleek and modern bathroom, and a fully upgraded kitchen featuring premium appliances and finishes. The open-plan living and dining areas create an inviting space that flows seamlessly into outdoor living, with both units featuring private patios, north-facing front courtyards, and fenced backyards-perfect for families or tenants seeking a peaceful, low-maintenance lifestyle. The properties are individually metered for water and electricity, streamlining management and reducing costs, while dedicated parking spaces further enhance tenant appeal.
What sets this duplex apart is the attention to detail: both units feature new flooring, fresh paint inside and out, soft-close cabinetry, stainless steel appliances, and ceiling fans for year-round comfort. High timber fencing ensures privacy and security, making the property particularly attractive to long-term tenants such as families with children or pets. The overall design and contemporary finishes reduce the likelihood of near-term maintenance, keeping running costs low while maximizing rental returns.
Strategically located within walking distance to schools, childcare centers, local shops, and public transportation, this property also benefits from a prime position just 15 minutes from the town center and train station. The absence of nearby neighbors enhances privacy, adding another layer of appeal for renters seeking a quiet, private residence.
The investment potential is further solidified with long-term tenants already in place-Unit 1 is leased until April 2025 and Unit 2 until July 2025-providing immediate, stable income. With rising rental demand in the area, recent appraisals suggest potential future rents in the range of $470 to $495 per week, presenting an excellent opportunity for increased revenue. Low annual expenses of approximately $3,500 further contribute to the property's strong return on investment.
This duplex pair is a turnkey solution for investors looking for a hassle-free, income-generating asset in a high-demand area. With all renovation work completed and quality tenants secured, it requires no additional investment, offering the perfect balance of high yield and low maintenance. Secure your foothold in a growing market with this exceptional investment. Contact us today to schedule a viewing and capitalize on this rare opportunity.
*Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
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Tristan Brown
