38 Lambrigg Street, Farrer, Act, 2607

MORTGAGE​ ​BUSTER:​ ​DUAL-INCOME​ ​FARRER​ ​HOME​ ​WITH​ ​5%+​ ​YIELD​ ​(approx​ ​estimate)
38​ ​Lambrigg​ ​Street,​ ​Farrer
Two​ ​homes.​ ​Two​ ​incomes.​ ​One​ ​mortgage.
This​ ​is​ ​the​ ​property​ ​that​ ​changes​ ​the​ ​maths​ ​on​ ​buying​ ​in​ ​Farrer.​ ​A​ ​fully​ ​renovated​ ​four-bedroom​ ​family​ ​home​ ​sits​ ​above​ ​a​ ​completely​ ​separate,​ ​self-contained​ ​studio​ ​—​ ​separately​ ​metered,​ ​privately​ ​accessed,​ ​and​ ​ready​ ​to​ ​earn​ ​from​ ​day​ ​one.

THE​ ​HEADLINE​ ​NUMBERS
Gross​ ​yield:​ ​5%​ ​approx.
Main​ ​residence:​ ​potential​ ​rent​ ​$950/week​ ​(was​ ​$800​ ​before​ ​renovation)
Studio:​ ​potential​ ​rent​ ​$450/week​ ​(was​ ​$350​ ​before​ ​renovation)

FOR​ ​INVESTORS:​ ​A​ ​genuine​ ​dual-income​ ​asset
Two​ ​potentially​ ​separate​ ​rental​ ​streams​ ​under​ ​one​ ​roof,​ ​both​ ​freshly​ ​renovated,​ ​both​ ​separately​ ​metered.​ ​Premium​ ​Woden​ ​Valley​ ​tenant​ ​appeal​ ​and​ ​a​ ​yield​ ​that's​ ​rare​ ​for​ ​this​ ​suburb.

FOR​ ​OWNER-OCCUPIERS:​ ​Let​ ​the​ ​studio​ ​pay​ ​your​ ​mortgage
Move​ ​into​ ​the​ ​main​ ​home​ ​and​ ​rent​ ​the​ ​studio​ ​as​ ​a​ ​second​ ​income​ ​stream​ ​—​ ​or​ ​keep​ ​it​ ​for​ ​grandparents,​ ​older​ ​teens,​ ​or​ ​a​ ​private​ ​office.​ ​Either​ ​way,​ ​Farrer​ ​stops​ ​being​ ​out​ ​of​ ​reach.

Residence​ ​1​ ​—​ ​Main​ ​Family​ ​Home
Four​ ​bedrooms,​ ​master​ ​with​ ​ensuite,​ ​two​ ​living​ ​areas,​ ​open-plan​ ​dining,​ ​stone-bench​ ​top​ ​kitchen,​ ​2-car​ ​secure​ ​garage​ ​with​ ​automatic​ ​doors.

Residence​ ​2​ ​—​ ​Independent​ ​Studio
Private​ ​entrance,​ ​new​ ​flooring,​ ​modern​ ​kitchenette,​ ​renovated​ ​bathroom​ ​—​ ​fully​ ​self-contained.

Rental​ ​figures​ ​and​ ​yield​ ​are​ ​estimates​ ​only,​ ​subject​ ​to​ ​market​ ​conditions​ ​and​ ​rental​ ​achievement.

features.

.renovated​ ​four​ ​bedroom​ ​three​ ​bathroom​ ​home​ ​(home​ ​and​ ​studio)
.separate​ ​downstairs​ ​studio​ ​under​ ​the​ ​home
.arranged​ ​over​ ​two​ ​levels​ ​with​ ​elevated​ ​views
.north​ ​facing
.combination​ ​of​ ​timber​ ​look​ ​floors​ ​and​ ​carpet
.north​ ​facing​ ​living​ ​room​ ​with​ ​RC​ ​split​ ​system​ ​and​ ​glass​ ​doors​ ​opening​ ​to​ ​the​ ​front​ ​veranda
.formal​ ​dining​ ​room​ ​with​ ​easy​ ​connection​ ​to​ ​the​ ​kitchen
.open​ ​kitchen​ ​and​ ​second​ ​living​ ​area
.updated​ ​kitchen​ ​with​ ​white​ ​cabinetry​ ​and​ ​granite​ ​bench​ ​tops
.direct​ ​access​ ​to​ ​the​ ​rear​ ​patio​ ​and​ ​garden
.ducted​ ​gas​ ​heating​ ​upstairs
.studio​ ​with​ ​RC​ ​split​ ​system​ ​and​ ​sliding​ ​doors​ ​opening​ ​to​ ​the​ ​north
.all​ ​three​ ​renovated​ ​bathrooms​ ​with​ ​floor​ ​to​ ​ceiling​ ​tiled​ ​finishes
.double​ ​garage​ ​with​ ​twin​ ​automatic​ ​doors​ ​and​ ​additional​ ​storage​ ​space

Finer​ ​details​ ​(all​ ​approx.)​ ​
EER:​ ​1.5
Living​ ​area:​ ​224m2
Land​ ​Size:​ ​686m2
Built​ ​in:​ ​1967
Land​ ​Value:​ ​$700,000
Rates:​ ​4,241​ ​approx.​ ​per​ ​annum


Disclaimer:​ ​The​ ​information​ ​contained​ ​in​ ​this​ ​advertisement​ ​is​ ​derived​ ​from​ ​sources​ ​we​ ​deem​ ​reliable.​ ​However,​ ​we​ ​cannot​ ​provide​ ​any​ ​guarantees​ ​or​ ​warranties​ ​regarding​ ​the​ ​information​ ​supplied.​ ​Any​ ​references​ ​to​ ​rates,​ ​land​ ​tax​ ​or​ ​other​ ​statutory​ ​charges​ ​are​ ​indicative​ ​only​ ​and​ ​have​ ​been​ ​calculated​ ​in​ ​good​ ​faith​ ​using​ ​publicly​ ​available​ ​information.​ ​Some​ ​images​ ​may​ ​have​ ​been​ ​virtually​ ​styled​ ​for​ ​marketing​ ​and​ ​illustrative​ ​purposes​ ​only.​ ​Buye