Dual Income Investment with Upside – One Title, Two Units, Development Potential (STCA)

Positioned in Lawitta, just minutes from New Norfolk, this is a high-performing, no-nonsense investment opportunity delivering immediate income with clear upside.

Set on a large, flat block with side access to the rear, the property comprises two self-contained two-bedroom units on a single title, both leased to long-term tenants.

Investment Snapshot Current combined rent: $650 per week Rental appraisal: $790 per week Immediate upside: ~$140 per week increase Two dwellings, one title (no strata) Long-term tenants in place

This is the kind of asset investors chase but rarely find - stable income today with built-in growth tomorrow.

Retain as-is for strong holding income Increase rents toward market levels Renovate over time to further lift returns Explore additional dwelling potential (STCA) at the rear

The block is the additional opportunity here - flat, accessible, and offering flexibility most dual-income properties simply don’t have.

Why Lawitta?

Lawitta continues to attract attention from investors priced out of New Norfolk, offering:

Close proximity to New Norfolk township (shopping, schools, services) Strong tenant demand from the Derwent Valley region More land, more flexibility, and better entry pricing

You’re effectively buying into the New Norfolk market - without paying New Norfolk prices.

A must see if you’re looking for:

Yield + growth Land value + development potential A scalable long-term hold