59 Turnbull St, Edgeworth is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 654m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
This is a fantastic opportunity, for property investors seeking a lucrative investment, with dual income currently returning $910 per week. Presenting 59 and 59a Turnbull Street, a dual occupancy property offering the perfect blend of modern amenities and impressive rental returns.
59 Turnbull Street
- Spacious 3-bedroom home with a brand new bathroom and laundry
59a Turnbull Street
- A contemporary two-bedroom home, less than two years old
- Stay comfortable with reverse cycle air conditioning
- Kitchen with dishwasher and electric cooking
- Both bedrooms feature mirrored wardrobes and ceiling fans
- Additional storage space with a garden shed
- Easy to maintain yard with off street parking
- Lease expires 7 December paying $430 per week. Tenants would like to renew the lease.
**Dual Income**
- Currently generating a combined rental income of $910 per week
- Significant potential to increase rental returns to a minimum of $1,030 per week
- Both properties are leased to excellent tenants, ensuring a stable income stream
**Investment Opportunity**
The dual occupancy nature of this property allows you to explore multiple avenues for generating income. Live in one home while renting out the other, or capitalise on the exceptional tenancies and lease out both properties for a substantial investment opportunity.
**Location**
Conveniently located in the sought-after Edgeworth area, this property is close to schools, shops, parks, and public transport, making it an attractive choice for both tenants and homeowners alike.
Don't miss out on this golden opportunity to secure a dual income property with high rental returns. Act now and make 59 and 59a Turnbull Street your next successful investment.
Contact us today to arrange a viewing and seize this excellent investment opportunity!
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
The size of Edgeworth is approximately 7 square kilometres. It has 13 parks covering nearly 11.6% of total area. The population of Edgeworth in 2011 was 6,251 people. By 2016 the population was 6,191 showing a population decline of 1.0% in the area during that time. The predominant age group in Edgeworth is 0-9 years. Households in Edgeworth are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Edgeworth work in a trades occupation. In 2011, 72.5% of the homes in Edgeworth were owner-occupied compared with 70.3% in 2016.
Edgeworth has 3,723 properties. Over the last 5 years, Houses in Edgeworth have seen a 58.80% increase in median value, while Units have seen a 62.01% increase. As at 31 October 2024:
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