9-11 Reynolds Street
Whyalla Stuart, SA 5608

Overview

OPPORTUNITY AWAITS!

This property presents a compelling investment opportunity featuring a double maisonette with five bedrooms, two bathrooms, and generously sized backyards on a 1136 square meter allotment. Constructed in 1969, it is conveniently situated close to local shops and public transport, enhancing its appeal for both investors and homeowners.

The property comprises two separate residences: 11 Reynolds Street, which is currently leased on a fixed term until March 23, 2027, generating a weekly rental income of $250, and 9 Reynolds Street, which is presently vacant and ready for occupation or leasing.

Both sides of the maisonette are complemented by easy-care gardens that require minimal maintenance, along with carports on each side providing sheltered parking and access to the rear yards.

Entering 9 Reynolds Street, you are greeted by a spacious lounge room featuring timber floorboards and a ceiling fan, creating a comfortable living environment. The lounge flows seamlessly into a combined kitchen and dining area equipped with original cabinetry, a stainless steel sink, an electric upright oven and stove top, and a split system air conditioner for climate control.

The hallway leads to three well-sized bedrooms, each fitted with ceiling fans and roller blinds for comfort and privacy. The main bathroom includes a walk-in shower and a separate basin, catering to the needs of the household.

At 11 Reynolds Street, the open plan lounge and dining area is carpeted and also benefits from a split system air conditioner, ensuring year-round comfort. The hallway provides access to two spacious bedrooms, both with ceiling fans, and the main bedroom includes a built-in wardrobe. The bathroom features a walk-in shower and a separate vanity.

The kitchen in this residence is neat and functional, offering ample storage and bench space, an electric upright oven and stove top, a stainless steel sink, a ceiling fan, and laminate flooring, making it practical for everyday use.

An extension at the rear of the property adds a versatile back room that can serve as a second living area, complete with a wall unit, ideal for entertaining or enjoying family time.

Outside, the rear yards are impressively sized on both sides. The yard at 11 Reynolds Street is low maintenance and provides a pleasant space for entertaining friends and family. Additionally, there is a small back room, often referred to as the hut, which includes a wall unit and power supply, adding further utility to the outdoor area.

This property represents an intriguing investment prospect and is well-suited for buyers seeking excellent value. It offers a blend of comfortable living spaces, rental income potential, and outdoor amenities in a convenient location.

Council rates are approximately $1,803.56 per annum for each of the two addresses. Rental appraisals are available upon request.

Prospective purchasers are advised to conduct their own investigations to confirm all details and inclusions, as information has been obtained from sources believed to be reliable but is not guaranteed.

Location