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Overview
This property presents a compelling opportunity, primarily for investors or extended families, by combining a spacious main residence with a fully separate granny flat on a generous 561sqm north-facing block. Its north-facing aspect maximizes natural light, enhancing the livability and appeal of the outdoor spaces.
The main house offers four well-proportioned bedrooms alongside separate dining and living areas, all designed to support comfortable family living and functional daily routines. The gas kitchen comes equipped with stainless-steel appliances, blending practicality with modern conveniences.
Of particular note is the established rental income from the main residence, currently leased at $750 per week, ensuring immediate cash flow potential. Complementing this is the private two-bedroom granny flat at the rear, which adds flexibility in living arrangements as well as the prospect of additional rental income estimated at around $600 per week. Together, these spaces create a combined potential rental income of approximately $1,350 per week.
The property's array of features includes air conditioning, built-in robes, broadband connectivity, and secure parking, enhancing comfort and convenience. Fully fenced grounds contribute to privacy and security, ideal for families or tenants. Additional amenities such as pay TV and gas hot water service add to the property's functionality.
In sum, this dual-income property offers a versatile investment in Merrylands, combining established rentals, spacious accommodation, and the flexibility to accommodate multiple households. It's well-suited to investors seeking immediate income or buyers in need of extra accommodation options.
Local Market Insights
In Merrylands, Quiet Listings observed 22 new houses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $1,478,864. The property type mix of listed properties is predominantly Houses at 63%, followed by apartments (18%), and units (16%). The most active agency for houses in the Merrylands area is currently Ray White, representing 41% of new listings, followed by Laing + Simmons with 18%. 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
Market Insights for Merrylands NSW 2160
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