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22 Lewin Street, Lyneham ACT 2602
Two Homes On the One Block – Large 863m2 RZ2 offering
Welcomed to the market is this rare and unique RZ2 block of land, offering two homes on one block with a combined rental income of $1005 per week* (can be higher). A gorgeous tree-lined street and located within the heart of the Inner North, Lyneham is one of Canberra's most popular suburbs. This central location is highly sought-after, only a stone's throw to a number of schools and the popular Lyneham Shops with several cafes, bars, restaurants and local IGA within walking distance. The renowned Tilley's Café Gallery could very well be your new local, perfect for those Sunday brunches with friends and family.
22A is located to the left-hand side is the larger of the two homes. A generous three-bedroom, two-bathroom home with study and large open plan living area with a gorgeous antique fireplace. This home does require some TLC and extra love. It would ideally suit those investors or buyers who are prepared to roll their sleeves up to get it up to scratch or start afresh. Currently rented for $450 per week with the lease ending 21/5/2023. The home had previously been rented for $680 per week, however the current tenant is only renting one of the bedrooms. If the roof repairs are carried out our rental estimation is $680 to $720 per week.*
22B is the newer of the two homes, located on the right-hand side and is only 7 years old. This is a gorgeous two-bedroom home both with built-in-robes, offering open plan living area, modern kitchen with stone benches and stainless-steel Fisher & Paykel appliances. Outside you will find an outdoor entertaining timber deck and the perfect backyard space for a small pet. Currently rented for $550 per week with the lease ending 31/10/2023. 22B offers a double attached garage and each house is allocated one of the garages, as part of their lease.
Opportunities like this are indeed rare, especially to offer two homes on the one block within the Inner North and on a large RZ2 land holding. Ideally suited for investors after long-term hold with strong weekly rental yield, developers who can see the future potential in redeveloping the site, families who perhaps want to live in one home and have rental income on the other, or multi-generational families with live-in family, the options are endless!
Features Include:
- Inner North Location
- Large 863m2 block of land
- Unique RZ2 Zoning
- Tree lined streets
- Walk to Lyneham Shops and local schools
22A (left hand side)
- Three-bedroom home
- Two bathrooms (main and ensuite)
- Study area off the master bedroom
- Master bedroom with walk-in-robe and ensuite
- Master bedroom with external access to gardens
- Two other bedrooms with built in robes
- Laminate flooring in living and bedrooms
- Separate laundry
- Kitchen with dishwasher, stainless steel oven and gas hob.
- Vulcan gas wall heater
- Antique fireplace in living room
- Main bathroom and separate toilet
- Wrap around timber deck
- Off street gravel parking place
- Single car remote garage
- Large fenced backyard including garden shed
- Rented for $450 per week
- Lease ends 21/5/2023
22B (right hand side)
- Built 7 years ago
- Modern design
- Two bedrooms (with built-in-robes)
- Open plan kitchen/living
- Generous living area
- Kitchen with stone benchtops and stainless-steel appliances
- Laminated glass within living area
- Reverse cycle heating/AC to living area
- Separate laundry
- Single car walkthrough garage
- Outdoor entertaining timber deck
- Small backyard / garden
- 2,000 litre water tank plumbed to toilets, laundry and irrigation
- Sub-meters for electricity and water (able to portion usage to 22B)
- Rented for $550 per week
- Lease end 31/10/2023
EER 22A: 1.0 stars
EER 22B: 5.5 stars
Rent 22A: $450 per week*
Rent 22B: $550 per week
Block: 863m2 approx.
Rates: $5,145 pa approx.
Land Tax: $9,025 pa approx.
UCV: $1,065,000 (2022)
*The home had previously been rented for $680 per week, however the current tenant is only renting one of the bedrooms. If the roof repairs are carried out our rental estimation is $680 to $720 per week.
22A is located to the left-hand side is the larger of the two homes. A generous three-bedroom, two-bathroom home with study and large open plan living area with a gorgeous antique fireplace. This home does require some TLC and extra love. It would ideally suit those investors or buyers who are prepared to roll their sleeves up to get it up to scratch or start afresh. Currently rented for $450 per week with the lease ending 21/5/2023. The home had previously been rented for $680 per week, however the current tenant is only renting one of the bedrooms. If the roof repairs are carried out our rental estimation is $680 to $720 per week.*
22B is the newer of the two homes, located on the right-hand side and is only 7 years old. This is a gorgeous two-bedroom home both with built-in-robes, offering open plan living area, modern kitchen with stone benches and stainless-steel Fisher & Paykel appliances. Outside you will find an outdoor entertaining timber deck and the perfect backyard space for a small pet. Currently rented for $550 per week with the lease ending 31/10/2023. 22B offers a double attached garage and each house is allocated one of the garages, as part of their lease.
Opportunities like this are indeed rare, especially to offer two homes on the one block within the Inner North and on a large RZ2 land holding. Ideally suited for investors after long-term hold with strong weekly rental yield, developers who can see the future potential in redeveloping the site, families who perhaps want to live in one home and have rental income on the other, or multi-generational families with live-in family, the options are endless!
Features Include:
- Inner North Location
- Large 863m2 block of land
- Unique RZ2 Zoning
- Tree lined streets
- Walk to Lyneham Shops and local schools
22A (left hand side)
- Three-bedroom home
- Two bathrooms (main and ensuite)
- Study area off the master bedroom
- Master bedroom with walk-in-robe and ensuite
- Master bedroom with external access to gardens
- Two other bedrooms with built in robes
- Laminate flooring in living and bedrooms
- Separate laundry
- Kitchen with dishwasher, stainless steel oven and gas hob.
- Vulcan gas wall heater
- Antique fireplace in living room
- Main bathroom and separate toilet
- Wrap around timber deck
- Off street gravel parking place
- Single car remote garage
- Large fenced backyard including garden shed
- Rented for $450 per week
- Lease ends 21/5/2023
22B (right hand side)
- Built 7 years ago
- Modern design
- Two bedrooms (with built-in-robes)
- Open plan kitchen/living
- Generous living area
- Kitchen with stone benchtops and stainless-steel appliances
- Laminated glass within living area
- Reverse cycle heating/AC to living area
- Separate laundry
- Single car walkthrough garage
- Outdoor entertaining timber deck
- Small backyard / garden
- 2,000 litre water tank plumbed to toilets, laundry and irrigation
- Sub-meters for electricity and water (able to portion usage to 22B)
- Rented for $550 per week
- Lease end 31/10/2023
EER 22A: 1.0 stars
EER 22B: 5.5 stars
Rent 22A: $450 per week*
Rent 22B: $550 per week
Block: 863m2 approx.
Rates: $5,145 pa approx.
Land Tax: $9,025 pa approx.
UCV: $1,065,000 (2022)
*The home had previously been rented for $680 per week, however the current tenant is only renting one of the bedrooms. If the roof repairs are carried out our rental estimation is $680 to $720 per week.
