Invest in Bricks!

Description

This tidy, single-level brick home at 16 Roosevelt Road is a prime opportunity for savvy investors. With 3 bedrooms, a sleepout, and a garage, all situated on a flat, low-maintenance section in Western Heights, this property offers excellent rental and capital growth potential.

Previously rented for $650 per week, it delivers an impressive 7.1% yield at the asking price of $479,000—making it a smart addition to any rental portfolio. It is currently not healthy homes compliant but we estimate it would cost less than $10,000 to get it there.

The home boasts beautiful wooden floors, abundant natural light, and a wood-burning fire to keep tenants cozy in winter. The 3 generously sized bedrooms are complemented by a family bathroom with a bath, ensuring comfort and functionality for occupants.

The spacious single garage, with ample shelving, provides great storage or workshop space, while the adjoining sleepout adds versatility—ideal for an office or extra accommodation for tenants.

Located within walking distance of schools, parks, and shopping centers, the property also benefits from proximity to public transport, making it highly appealing to renters.

For more information or to arrange a private viewing, contact Kara today.

PROPERTY DETAILS
  • Bedrooms: 4
  • Bathrooms: 1
  • Car parking: 2
  • Floor area: 85
  • Land area: 553
  • Estate type:
  • Rates: $4,072.99
LOCATION
  • $479,000
  • Gross yield: 7%
  • Annual rates: $4,072.99
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ABOUT THE AGENT

Kara Niles

Licensed Salesperson
REAA 2008