10 Parsloe St, Svensson Heights is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 716m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Grossing a yield of approximately 7%, investors, take note.
Here are two homes for the price of one. Sitting on one title, at the front of the block is a 3 bedroom house and behind the house is a 1 bedroom unit. If you are looking for a property with a twist, this may just be the opportunity you have been seeking live in the house and use the rent from the unit to pay down the mortgage. Alternatively, rent both residences for a strong return. Do you have a need for somewhere for an elderly parent/teenager to live independently but still be close?
With tenants already in place and wanting to stay, the current rental return is $465 per week. ($300 for the house & $165 for the unit). Both properties are solid brick homes and have potential to add value for a stronger return.
The size of Svensson Heights is approximately 2.9 square kilometres. It has 4 parks covering nearly 2.1% of total area. The population of Svensson Heights in 2011 was 3,204 people. By 2016 the population was 3,218 showing a population growth of 0.4% in the area during that time. The predominant age group in Svensson Heights is 50-59 years. Households in Svensson Heights are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Svensson Heights work in a professional occupation. In 2011, 60.6% of the homes in Svensson Heights were owner-occupied compared with 57.7% in 2016.
Svensson Heights has 1,707 properties. Over the last 5 years, Houses in Svensson Heights have seen a 119.70% increase in median value, while Units have seen a 94.77% increase. As at 31 October 2024:
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