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Overview
This exceptional property offers a rare investment opportunity with two well-appointed dwellings on a generous 695.6 square meter block in Colyton. The main residence is a secure and spacious three-bedroom house characterized by soaring ceilings and floating floors that enhance the sense of space and light throughout. Two of the bedrooms feature built-in wardrobes, complemented by a versatile walk-in linen cupboard or multi-purpose room, enhancing storage options.
Functionality is a highlight here, with an airy dining area adjacent to a kitchen equipped with a gas cooktop, pantry, rangehood, and ample cupboard space, ideal for culinary activities and family meals. The lounge/family room seamlessly connects to the backyard through sliding doors, extending living space outdoors.
- Secure fencing ensures privacy and safety around the property
- Bathroom with a large shower and separate toilet for convenience
- Covered entertaining area and a large grassy backyard provide excellent settings for outdoor gatherings or children's play
- A detached lock-up garage and drive-through side access add practicality for parking and storage
Adding considerable value is the council-approved, modern brick veneer two-bedroom granny flat. Designed for privacy with its own separate access, it features high ceilings, tiled floors, and an open-plan lounge and dining area with air conditioning. Both bedrooms include mirrored built-in wardrobes, complemented by a kitchen with similar gas cooking facilities and ample bench and cupboard space. The property also includes a separate laundry with direct backyard access and a mixture of concrete and grassed outdoor areas.
Currently, both properties are leased with reliable tenants, producing a combined weekly rental income of $1,050. This setup is ideal for investors seeking a steady return without the immediate need for tenant sourcing. Its location further enhances appeal, positioned just 120 meters from local shops, with bus services nearby and within a short drive to Bennett Road Public School, making it a practical and convenient lifestyle choice.
This multi-dwelling setup caters well to investors prioritizing income generation, with potential for future personal use or redevelopment subject to local regulations. The property delivers a blend of comfort, versatility, and excellent rental yield, poised to satisfy a range of investment strategies.
Local Market Insights
In Colyton, Quiet Listings observed 27 new houses entering the market over the last 30 days, down from 28 during the previous 30-day period, with an average advertised asking price of $1,042,852. The property type mix of listed properties is predominantly Houses at 45%, followed by townhouses (23%), and units (17%). The most active agency for houses in the Colyton area is currently Ray White, representing 48% of new listings, followed by Laing + Simmons with 19%. 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
Colyton NSW 2760
Market Insights for Colyton NSW 2760
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