53 Madeline Street

A Versatile Property Offering Multiple Rental Income Streams and Future Potential

Discover an exciting opportunity to secure this versatile property in a highly convenient Fairfield West location. Set across two separate lots, this property offers a range of possibilities for investors, extended families, or owner-occupiers seeking additional rental income.

Currently generating three separate rental income streams, with a potential combined rental income of approximately $81,900 per annum, the property provides an excellent opportunity to generate income while enjoying the flexibility of living on-site.

With the existing accommodation, generous landholding, and potential for future development, this property offers the perfect combination of income, flexibility, and long-term potential.

Property Features

- Main House: Three generously sized bedrooms, separate lounge and dining areas, plus a spacious sunroom at the rear.
- Granny Flat: Well-presented two-bedroom brick-veneer granny flat with carport and private courtyard.
- Studio: Self-contained one-bedroom studio featuring a kitchen, bathroom, and private courtyard.
- Three Rental Income Streams: Potential combined rental income of approximately $81,900 per annum.
- Land Size: Approximately 531 sqm, comprising two lots with dimensions of approximately 14.76m x 36.58m.
- Development Potential: The two-lot configuration may provide potential for future development, subject to council approval and relevant planning requirements.
- Convenient Location: Within easy walking distance to local primary and high schools, with convenient access to public transport and Fairfield Station.

Whether you are looking to live in the main residence while rental income helps reduce mortgage repayments, accommodate an extended family while maintaining privacy and independence, or explore future development opportunities, this property offers exceptional versatility.

A rare opportunity to secure a substantial family property with multiple income streams and exciting future potential in a tightly held Fairfield West location.

Disclaimer: Property Star Real Estate believes all information provided is accurate, but prospective buyers are encouraged to conduct their own inquiries and due diligence.