FOR SALE
$625,000

5 Weiley Avenue
Grafton NSW 2460

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Land area: 632m2
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ELEVATED BRICK DUPLEX - EXCELLENT INVESTMENT OPPORTUNITY

Positioned in a sought-after neighborhood, this elevated brick duplex presents an ideal investment opportunity with consistent rental returns and low-maintenance appeal. Constructed with a suspended slab, this property ensures durability and quality, making it a sound addition to any portfolio.
Unit 1 features a modern Laminex kitchen paired with an older, yet well-maintained bathroom. Unit 2 boasts a newly updated bathroom alongside a modern kitchen, delivering a fresh and functional living experience. Both units are in excellent condition and have been home to long-term tenants, offering stability and steady income.
Unit 1 generates $360 per week, and Unit 2 returns $325 per week, offering a combined rental income of $685 per week. These rents are notably conservative, reflecting the outstanding quality of tenants and their long-standing occupancy. This balance of secure returns and tenant stability makes this duplex an ideal hands-off investment.
Beyond the solid financials, the property's low-maintenance design and quality construction make it an attractive and hassle-free investment. Whether you're looking to expand your portfolio or make your first foray into property investment, this duplex is a smart choice.

Property Details for 5 Weiley Ave, Grafton

5 Weiley Ave, Grafton is a 4 bedroom, 2 bathroom DuplexSemi-detached with 3 parking spaces. The property has a land size of 632m2. The place is currently for sale with Mckimm's Real Estate Pty Ltd - GRAFTON.

Building Type
DuplexSemi-detached
Land Size
632m2

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About Grafton 2460

The size of Grafton is approximately 12.2 square kilometres. It has 17 parks covering nearly 8.1% of total area. The population of Grafton in 2011 was 10,205 people. By 2016 the population was 10,399 showing a population growth of 1.9% in the area during that time. The predominant age group in Grafton is 50-59 years. Households in Grafton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Grafton work in a professional occupation. In 2011, 66.2% of the homes in Grafton were owner-occupied compared with 61.5% in 2016.

Grafton has 6,127 properties. Over the last 5 years, Houses in Grafton have seen a 62.13% increase in median value, while Units have seen a 34.29% increase. As at 31 October 2024:

  • The median value for Houses in Grafton is $475,486 while the median value for Units is $343,405.
  • Houses have a median rent of $480 while Units have a median rent of $420.
There are currently 40 properties listed for sale, and 15 properties listed for rent in Grafton on OnTheHouse. According to CoreLogic's data, 291 properties were sold in the past 12 months in Grafton.

Suburb Insights for Grafton 2460

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Adam Crawley
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Mckimm's Real Estate Pty Ltd - GRAFTON
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.