23 Bourke Street offers great value: Two homes, one price

Feature property

4 bed | 2 bath | 2 car

  • 23 Bourke Street, Raymond Terrace
  • Price: $525,000
  • Agency: Ray White
  • Contact: Greg Delahunty on 0423 430 850
  • Inspect: By appointment

Located in a central location in Raymond Terrace is this rare gem with two dwellings nestled on it - 23 and 23a Bourke Street.

The first property is a large three bedroom home, with a spacious kitchen, lounge and dining rooms, ample second living area or fourth bedroom, bathroom and laundry, solid timber floors, and a back covered entertaining area.

The second dwelling is a heavily renovated one-bedroom home with a good sized kitchen, combined lounge and dining rooms plus sunroom, fully renovated bathroom, "as new" bamboo flooring, new blinds, and a large storage room downstairs with the laundry. Both properties have been freshly painted, and have solar panels.

The homes sit in a central area, only 300m from Raymond Terrace's main street. From an investment point of view, a conservative rent return would be in the vicinity of $660 for both properties.

Inspections are by appointment only, as one property is tenanted.