Investment/Development Site or Home and Income

G.V. $690,000 BEO $900,000

2 x renovated houses on a large 1,835m section
* House one, 2 bedroom, renovated to a high standard and rented at $430p/w
* House two, 4 bedrooms, garage, new kitchen, new bathroom and under rented at $395p/w but going up to $520p/w in Feb * Both houses have new insulation, heatpumps and new wiring
* Both houses are set on 1,835m of mostly level land on one title
* The current site coverage of 10% leaves lots of potential for future housing development or land banking
* Drive on access and surrounded by native bush and adjoining a townhouse development
* Zoned outer residential 62 Woodland Rd is less than 1.5km from the Johnsonville shopping centre and schools
This property is currently under offer subject to new title