Rodneyrealestateforsale

Unlock the potential of this unique property at 37 Makiri Street, offering not one but two income streams. With a combined rental return of $960 per week and a yield of almost 6%, this is an opportunity that will appeal to both savvy investors and handy first-home buyers looking for extra mortgage support. The property comprises a three-bedroom main home plus a self-contained one-bedroom minor dwelling, giving you flexibility to rent both or live in one and rent the other. The Main Home: Spread across two levels, the main dwelling features a modernised kitchen and bathroom, two bedrooms downstairs, and an upstairs bedroom with an office or nursery space. The upper level opens to a small balcony, while the primary downstairs bedroom flows out to a deck with peaceful river views. While the kitchen and bathroom have been updated, the home requires some TLC. Buyers should factor in work such as repainting outside, attention to timber joinery, cabinetry repairs, some fencing maintenance, and cosmetic improvements. With some effort, there's plenty of scope to refresh and add value here. The Minor Dwelling: Tidy and functional, the one-bedroom cottage includes a spacious lounge with polished wooden floors and a combined bathroom/laundry. Finished in weatherboard cladding, it offers immediate rental income or additional space for extended family. The Location: Situated in a desirable pocket of town, the property is walking distance to schools and shops, making it convenient for families and tenants alike. Off-street parking adds to its practicality. Why Buy Here? • Dual income: rent both homes for $960pw • Strong yield: almost 6% return • Live in one, rent the other - ideal for first-home buyers • Both homes Healthy Homes compliant • Add value with cosmetic improvements This is a property that makes sense on paper, offers plenty of upside with elbow grease, and sits in a great location.