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Overview
This unique dual-income investment property combines a traditional three-bedroom house with a modern two-bedroom brick veneer granny flat, creating a versatile opportunity for investors seeking immediate rental returns. Both dwellings are leased to long-term tenants, providing a steady combined weekly income of $910, ensuring strong cash flow.
The main residence presents a solid foundation with original features that offer potential for personalised renovation or enhancement. Its separate lounge area and spacious kitchen equipped with gas cooking and a dishwasher contribute to the home's functional living spaces. The neat bathroom, with a shower over the bath, serves the household conveniently. A generously sized backyard adds private outdoor space, ideal for family activities or accommodating pets.
Complementing the house is a well-appointed granny flat that boasts contemporary finishes and thoughtful layout. Each bedroom includes mirrored built-in wardrobes, while the master bedroom and living area enjoy split system air-conditioning for year-round comfort. The open plan living and dining area, together with a modern kitchen fitted with stainless steel appliances, create a welcoming environment for relaxation or entertaining. Easy-care laminated flooring throughout enhances the practicality of the space. Additionally, the granny flat features a single carport and its own private backyard, offering further outdoor privacy.
Situated close to a range of local amenities including shops, schools, public transport options, and key arterial roads such as the M4 Motorway and Great Western Highway, this property combines convenience with investment potential. The reliable rental history and the well-established tenants enhance the appeal for investors looking for a secure and promising addition to their portfolio.
- Dual dwellings generating a combined income from long-term tenants
- Main house requires some cosmetic updating, offering value add potential
- Modern granny flat with quality finishes and independent amenities
- Private outdoor areas suited to families or tenants seeking space
- Close proximity to essential services and infrastructure
- Strong future growth prospects in a convenient location
This property presents a balanced investment option with the security of steady returns and opportunities for capital improvement. It is suitable for investors targeting multi-tenanted residential assets in emerging suburbs.
Local Market Insights
In Colyton, Quiet Listings observed 30 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $1,037,133. The property type mix of listed properties is predominantly Houses at 44%, followed by townhouses (24%), and units (13%). The most active agency for houses in the Colyton area is currently Ray White, representing 63% of new listings, followed by Laing + Simmons with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $1,005,000 | |
| UNDER OFFER BY DAVID FRENDO | |
| $1,099,000 |
Location
Market Insights for Colyton NSW 2760
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