10 Barrett St, Southern River is a 9 bedroom, 6 bathroom House with 6 parking spaces. The property has a land size of 537m2.
Great opportunity to purchase a whole package investment of 6 units including land!! This 2013 built 'Pottier Homes' property has great rental yield and is located near fantastic amenities such as parks, schools, transport and local shopping center 'The Vale'. Details and specs provided below:UNIT 1: 2 Bedrooms X 1 BathroomUNIT 2: 2 Bedrooms X 1 BathroomUNIT 3: 1 Bedroom X 1 BathroomUNIT 4: 2 Bedrooms X 1 BathroomUNIT 5: 1 Bedroom X 1 BathroomUNIT 6: 1 Bedroom X 1 BathroomGARAGE: 3 X Remote Double GaragesCURRENT RENT PAID TOTAL - $1,705 Per Week TOTAL - $6,820 Per Month TOTAL - $88,660 Per YearThe average rental value of the units is considered approximately $280 each per unfurnished. This reflects a GROSS YIELD of 6.1% which is within the range assessed above.BUILDING AREAS: UNIT 1 - Living 69sqm Parking 16sqm Store 4sqm UNIT 2 - Living 62sqm Parking 16sqm Store 4sqm UNIT 3 - Living 55sqm Parking 16sqm Store 4sqm UNIT 4 - Living 77sqm Parking 16sqm Store 4sqm UNIT 5 - Living 63sqm Parking 16sqm Store 4sqm UNIT 6 - Living 55sqm Parking 16sqm Store 4sqmBALCONIES: UNIT 3 - 10sqm UNIT 4 - 12sqm UNIT 5 - 11sqm UNIT 6 - 10sqmGET IN QUICK to secure this rare opportunity today!For more information on this property please call Michael Allbeury 0433290044 and Scott Deboer 0433337181 from ATTREE REAL ESTATE
The size of Southern River is approximately 14 square kilometres. It has 24 parks covering nearly 10.4% of total area. The population of Southern River in 2011 was 5,984 people. By 2016 the population was 10,348 showing a population growth of 72.9% in the area during that time. The predominant age group in Southern River is 30-39 years. Households in Southern River are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southern River work in a professional occupation. In 2011, 84.3% of the homes in Southern River were owner-occupied compared with 82.3% in 2016.
Southern River has 6,351 properties. Over the last 5 years, Houses in Southern River have seen a 88.37% increase in median value, while Units have seen a 77.78% increase. As at 31 October 2024:
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