80 Stapleford Crescent, Browns Bay

7 Bed

3 Bath

3 Lounge

1 Garage

2 Other

Home & income and development opportunity

Located in a quiet cul-de-sac in Central Browns Bay you will find this sunny home sitting on an elevated site. This is highly desirable as it is a legal Home & Income.
The main home features:

Three large bedrooms
A large family bathroom
A good size of sunroom
Open plan living and dining room with an easy flow to the outdoor area
Separate power meter
The rental appraisal from Barfoot&Thompson rental office is $660-$680/week

Granny Flat features:

Two Double bedroom
A large living/dining space
Large bathroom
Separate kitchenette
Separate entrance
Separate sub - power meter with the power billed to the main power meter but with its separate reading
The rental appraisal from Barfoot&Thompson rental office is $540-$560/week

Legal home income unit features:

Two Double bedroom
A large living/dining space
Large bathroom and separate toilet
Separate kitchen
Separate entrance
Separate power meter
The rental appraisal from Barfoot&Thompson rental office is $540-$560/week

For an investor you can rent all the property out and get weekly rental of at least $1740 per week. The estimated total rental appraisal from Barfoot & Thompson rental office is $1740-$1800 per week. Currently all three units being rented with weekly income of $1400/week. The vendor hasn't increased the rent for the last 5 years so the current rental is much lower than the market rate. There is only one water meter for all three units. For a developer the service is very close by and easy to do subdivision of 3-4 standalone properties. For a home owner, live in the main home and rent the other two units out to ease the mortgage pressure.

Walk to beaches, shops, and excellent schools, Easy motorway access, close to Northcross shops. Zoned in Long Bay College, Sherwood School and Northcross Intermediate.

Michelle Xia

021 901 049

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