57 Perwillowen Road, Burnside
Bed 4
Bath 2
Car 2
Land 675m2
Offers Over $785,000
Outstanding Investment Opportunity - Impressive Yield!
This beautifully renovated duplex pair presents an exceptional opportunity for first-time home buyers, downsizers, or investors seeking a high-return property. Both units are currently rented at $470 per week, generating a combined weekly income of $940 and offering a solid 6.24% gross rental yield-making it a lucrative investment in today's market.
Each unit features an identical, thoughtfully designed layout with two spacious bedrooms, a modern luxury bathroom, and a brand-new kitchen. The open-plan living and dining areas create a comfortable and stylish living space that flows seamlessly into the outdoor areas. Each duplex includes a covered patio, a north-facing front courtyard, a fenced backyard, and convenient laundry facilities. Dedicated parking spaces for each unit add extra convenience.
These homes boast a contemporary aesthetic with freshly painted interiors and exteriors, new flooring, and premium stainless steel appliances. Additional features include soft-close cabinetry, ceiling fans, and original casement windows that enhance the property's unique charm. Both units are separately metered for water and electricity, ensuring straightforward utility management. High timber fencing offers excellent privacy and creates a secure environment for pets and children to play, making the duplexes particularly appealing to families.
Located within walking distance to schools, childcare facilities, and local shops, the property is only a 15-minute walk from the town center and rail station. The absence of immediate neighbors adds to the privacy and tranquillity of the location, making it an even more attractive option.
The property's investment potential is further enhanced by current leases: Unit 1 is leased until April 13, 2025, and Unit 2 until July 5, 2025, both at $470 per week. Recent rent increases reflect the strong demand, and a rental appraisal estimates future weekly rent in the range of $470 to $495 per unit. The current owner's annual expenses total approximately $3,500.
With all renovation work completed, this duplex pair is move-in ready or available to lease out immediately. Whether you're looking for a place to call home, a downsizing option, or a valuable addition to your investment portfolio, this property checks all the boxes. Contact our agents today to arrange a viewing and secure this outstanding 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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Wed 2 Oct 4:30pm - 5:00pm
Wed 16 Oct 4:30pm - 5:00pm
Wed 30 Oct 4:30pm - 5:00pm
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Tristan Brown
