2/11 Carlin St, Glenvale is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 448m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom Unit sold in Glenvale in the last 12 months.
This unique property comprises two distinct units, each boasting a host of desirable features that cater to modern living and offer potential for a lucrative return on your investment.
Unit 1: Spacious and Stylish
A generously proportioned dwelling that exudes comfort and convenience.
Unit 2: A Distinctive Retreat
Unit 2 presents a refreshing twist, featuring a well-designed layout that includes one bedroom, an ensuite bathroom, and a single lock-up garage.
The unit surprises with its ample storage options and a spacious kitchen, complemented by an open-plan living space encompassing a comfortable lounge and combined dining area.
The true allure of this unit lies in the privacy it offers, with a secluded walkway leading to the front door.
With modern conveniences such as reverse cycle air conditioning, this unit ensures a comfortable and enjoyable living experience for its occupants.
Profitable Investment:
Both units are currently tenanted, with leases in place until November 24. This creates an immediate and steady rental income stream for savvy investors.
However, the real opportunity lies in the high demand for quality units, allowing you to maximize your yield once the lease periods come to an end.
Take advantage of the thriving real estate market and leverage the unique features of this duplex to achieve excellent returns on your investment. NEW LEASES IN NOVEMBER 23 = YIELD 5.5% GROSS
The size of Glenvale is approximately 14.6 square kilometres. It has 18 parks covering nearly 11.4% of total area. The population of Glenvale in 2011 was 5,405 people. By 2016 the population was 6,347 showing a population growth of 17.4% in the area during that time. The predominant age group in Glenvale is 20-29 years. Households in Glenvale are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glenvale work in a trades occupation. In 2011, 65.8% of the homes in Glenvale were owner-occupied compared with 58% in 2016.
Glenvale has 4,063 properties. Over the last 5 years, Houses in Glenvale have seen a 63.93% increase in median value, while Units have seen a 68.50% increase. As at 31 July 2024:
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