A package deal of four tenanted neighbouring homes sold together has the potential to reap buyers more than the typical Australian annual income.
The opportunity means the lucky landlord who takes ownership can sit back and let their property investments do the work.
The adjacent residences at 8-10 Bardoel Court, Dingley Village, have been listed with a $3.5m-$3.75m price guide.
They include a block of three four-bedroom, two-storey townhouses and a stand-alone two-bedroom residence, each currently leased by tenants.
Barry Plant agent Dora Kambouris said the combined rental return for all four properties was about $90,000 a year — far more than the typical Australian’s taxable income of $59,538.
It also offered buyers with large extended families a rare opportunity to purchase the neighbouring homes.
“All four properties are rented, so we are looking at over $90,000 a year in rent,” Ms Kambouris said.
“Unfortunately with this one it is only two titles, it hasn’t been subdivided, so somebody who buys it has to subdivide it if they want to sell them off (individually).
“(But) we do see in the area a lot of families with extended families looking to buy bigger properties so they can have multiple generations living together. This is a very rare opportunity where they can all live together side-by-side and have their privacy as well.”
Dingley Village was a competitive market for tenants, meaning the townhouses would likely always be in demand, Ms Kambouris said.
The homes are situated in a quiet cul-de-sac near Dingle Village cafes and are within easy reach of local schools, sport grounds and buses.
The site spans 1466sq m and there is off-street parking for up to 10 cars across all four properties.
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