$625,000
24 Thomas Street, Kangaroo Flat VIC 3555
Apartment
333
Block size: 609 m² approx.
Three Units One Title
A rare find, this property consists of 3 x one-bedroom units (one title), each including a separate carport. With a current weekly rental of $580, and a strong history of great long-term tenants, it presents a solid investment opportunity.
Each unit comprises living area, bedroom, bathroom, separate laundry, and kitchen with electric upright cooker and eat-at bench. Storage facilities include a built-in robe with hanging and shelf space in the bedroom, and a floor-to-ceiling two-door cupboard in the laundry. The back door opens onto a walkway leading to the communal clotheslines.
The combination of brick and timber-look feature walls lends a touch of character. And large windows in the north-facing lounge and bedroom add brightness and warmth on sunny winter days.
The owners are currently replacing gas wall furnaces in the living areas of the units with electric panel heaters. The incorporated timer facility on these appliances means tenants can wake up cosy on frosty mornings. A split system provides additional comfort, while screen doors front and back escort cooling breezes through the space at the end of long summer days.
Everything is in place for simple and practical living.
The location will also appeal to tenants. A 10-minute walk gets them to the local shopping strip, putting bus stops, ALDI, IGA, Chemist Warehouse, take-aways and restaurants within easy reach. Kangaroo Flat library is even closer a great place to relax with a cuppa and book when they feel the need to get out.
When a tenant of 29 years recently vacated unit 2, the owners grabbed the opportunity to update before welcoming the next tenant in. Fresh paint throughout. New carpet, blinds and curtains in the bedroom and living area. New shower and floor tiles in the bathroom. Even a new front door! Together these changes showcase the potential of the residences.
This property enables you to think outside the ROI box. If you have a young adult child eager to move out of home, or an elderly relative needing a place that is easy to manage, set aside one unit for your family and use the remaining two to generate a return on your investment.
Whichever way you look at it, this property is a unique investment opportunity which demands closer inspection.
Features include: Close to Transport,Close to Shops,Close to Schools
Each unit comprises living area, bedroom, bathroom, separate laundry, and kitchen with electric upright cooker and eat-at bench. Storage facilities include a built-in robe with hanging and shelf space in the bedroom, and a floor-to-ceiling two-door cupboard in the laundry. The back door opens onto a walkway leading to the communal clotheslines.
The combination of brick and timber-look feature walls lends a touch of character. And large windows in the north-facing lounge and bedroom add brightness and warmth on sunny winter days.
The owners are currently replacing gas wall furnaces in the living areas of the units with electric panel heaters. The incorporated timer facility on these appliances means tenants can wake up cosy on frosty mornings. A split system provides additional comfort, while screen doors front and back escort cooling breezes through the space at the end of long summer days.
Everything is in place for simple and practical living.
The location will also appeal to tenants. A 10-minute walk gets them to the local shopping strip, putting bus stops, ALDI, IGA, Chemist Warehouse, take-aways and restaurants within easy reach. Kangaroo Flat library is even closer a great place to relax with a cuppa and book when they feel the need to get out.
When a tenant of 29 years recently vacated unit 2, the owners grabbed the opportunity to update before welcoming the next tenant in. Fresh paint throughout. New carpet, blinds and curtains in the bedroom and living area. New shower and floor tiles in the bathroom. Even a new front door! Together these changes showcase the potential of the residences.
This property enables you to think outside the ROI box. If you have a young adult child eager to move out of home, or an elderly relative needing a place that is easy to manage, set aside one unit for your family and use the remaining two to generate a return on your investment.
Whichever way you look at it, this property is a unique investment opportunity which demands closer inspection.
Features include: Close to Transport,Close to Shops,Close to Schools
Inspections
No open inspections scheduled.
Send an enquiry
Contact Kaye Lazenby to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
3
Bathrooms:
3
Garage Spaces:
3
Property type:
Apartment
Block Size:
609 m²*
Other Details
Lot:
11
Plan:
LP118314
Legal description:
11\LP118314
Maps and area information
Block information
Block size: 609m² (approx)
Legal description: 11\LP118314
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
We couldn't find any history for this property.
See Kangaroo Flat's suburb profile
Statement of information
Section 47AF of the Estate Agents Act 1980
Download Statement of Information
Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Kangaroo Flat suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
46 years
Population
11,328
Listing ID: 181780289. This listing has been viewed 19 times. It was first displayed on 17/07/2023 and last updated on 12/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.