12 Raggatt St, East Side is a 3 bedroom, 2 bathroom House and was built in 1960. The property has a land size of 1235m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
What a versatile package this Raggatt Street parcel iswith two separate dwellings and a rental income of $1250 per week; this would make a superb investment, could suit extended families looking for good separation of living, or live in one and rent out other to pay off your mortgage faster!
2 dwellings, 1220m2 block
Generating $1250 per week
The main home is complete with 2-metre wide entrance hallway, three bedrooms, two bathrooms, open plan living, modern kitchen with stainless steel appliances and south-facing patio. Features include: split-system air-conditioning, dishwasher, luxury spa bath in second bathroom, quality carpets in bedrooms, and easy-care tiled flooring in living.
A flat, separated from home by privacy fencing, is complete with two spacious bedrooms, study, modern bathroom with floor to ceiling tiles, and open plan kitchen/living. Both bedrooms and living area have split system air-conditioning. Separate block work building has high clearance patio/carport area.
The 1220m2 block is fully fenced and there is abundant onsite parking, as well as a garage and carport structure. The improvements site comfortably on this extra-large allotment, and the property could be modernised to enhance value and appeal over time.
Clearly the possibilities here, just like the Northern Territory, are endless. This could be purchased purely as an investment property, purchased and renovated to property flip for capital gain, purchased to live in with either the home or flat rented out, purchased for the extended family who want to live together without compromising privacy. It could even suit the work-from-home scenario, live in the house and run your business from the flat. You could apply to Town Planning for subdivision into 2 properties.
Located in popular Old East Side this is such a family-friendly location, within walking distance to local independent and public schools, Charles Darwin University, netball and soccer fields, and local shops.
Buyers seeking location and versatility MUST strongly consider this is quite a unique offering.
The size of East Side is approximately 4 square kilometres. It has 11 parks covering nearly 10% of total area. The population of East Side in 2011 was 2,980 people. By 2016 the population was 2,916 showing a population decline of 2.1% in the area during that time. The predominant age group in East Side is 30-39 years. Households in East Side are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Side work in a professional occupation. In 2011, 55.1% of the homes in East Side were owner-occupied compared with 54% in 2016.
East Side has 1,371 properties. Over the last 5 years, Houses in East Side have seen a 3.54% increase in median value, while Units have seen a 16.81% increase. As at 31 August 2024:
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