UNIQUE INVESTMENT OPPORTUNITY
19 Kotisina Gardens, LAKE COOGEE WA 6166
What an awesome opportunity! Two houses situated on one title, they have never been officially subdivided in the final stages in order to release separate titles and this is an added benefit for an investor as it lowers land holding costs. Both houses are currently each being rented at circa $400 each per week delivering a combined return of circa $800 per week. Our research shows the houses could be separately titled with minimal hassle and expense through the local council and utilizing a professional surveyor however this would be subject to completing due diligence and local council approvals. As it stands this investment has been delivering healthy returns to the same owners for many years and you will have the benefit of taking over the income from day one after settlement.
With the REIWA 2021 Outlook figures released in November 2020 indicating Perth rents are forecast to increase 10-15 per cent next year 2021 and house prices 6-10 per cent because of strong demand, record low interest rates and the return of confidence to the real estate sector this investment will be a valued asset to the new purchasers.
PLEASE NOTE – this price is for two houses on one title.
You have the opportunity to purchase two houses on one title or four houses on two.
This set up would be ideal for an owner occupier looking to purchase and live in one home and experience healthy rental returns from the other house on their property or an investor looking for an excellent place to park their money and reap the returns of both tenanted houses. All houses are currently leased with quality tenants.
Each house sits on approximately 350sqm of land separately fenced off totaling approximately just over 700sqm each title (two houses).
The properties are located 1.6km from the beachfront as the sparrow fly’s, close to the beautiful Coogee Marina and only 8km to South Fremantle with thriving cafes, restaurants and bars galore. A stones throw away down the road you also have beautiful parkland and stunning lakes.
INSIDE THE PROPERTY’S
The houses are all 3 x 2 in size and have been well maintained. They each have double garages under the main roofs.
OUTSIDE THE PROPERTY’S
Each house has a lovely private courtyard and all are neatly presented from the front with a low maintenance garden finishes and paved driveways.
WHAT TO DO NEXT
Hit the contact agent section now and make your time to view the property in person.