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Overview
This property offers a compelling opportunity for investors seeking immediate rental income and long-term potential through a dual-income setup on a substantial 703 square metre allotment in Old Guildford. The site features a main three-bedroom residence complemented by a separately constructed granny flat built in 2019, both of which are currently tenanted, providing a combined weekly rental income of $930.
The main home, clad in weatherboard, offers functional living space within a classic single dwelling, securing a steady income stream at $480 per week. The additional granny flat adds versatility and flexibility, leased at $450 per week, appealing to a broad range of tenants or potential owner-occupiers looking to supplement income or accommodate extended family.
Positioned on a generous parcel of land, this property benefits from a substantial landholding in an established residential area, enhancing its investment value and offering scope for potential future development or enhancements subject to local council approvals. The dual dwelling arrangement on one title simplifies ownership while maximizing rental yield.
The location in Old Guildford benefits from proximity to numerous government and private schools, providing appealing conveniences for tenants with families or professionals seeking accessible education options. This property is ideal for investors looking to add a well-located, income-producing asset with stable tenancy histories to their portfolio.
Local Market Insights
In Old Guildford, Quiet Listings observed 17 new houses entering the market over the last 30 days, down from 20 during the previous 30-day period, with an average advertised asking price of $1,470,000. The property type mix of listed properties is predominantly Houses at 62%, followed by units (21%), and apartments (10%). The most active agency for houses in the Old Guildford area is currently Ray White, representing 41% of new listings, followed by LJ Hooker with 24%. 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.
Location
Old Guildford NSW 2161
Market Insights for Old Guildford NSW 2161
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