Completed in late 2021 in the well-established outer suburb of Grassmere, this twin-unit duplex development created two self-contained rental properties, each with a private entrance, kitchen, bathroom and living area. The development was delivered to a rent-ready standard so both units began generating income immediately at completion.
The investor wanted to maximise rental yield on a modest block without compromising on quality or long-term capital growth. The site was on a busy corner with high traffic, which required careful acoustic management to ensure tenant comfort.
We designed two identical one-bedroom units with separate private entrances to maintain tenant privacy. To address the noise issue, we used double-glazed windows on the street-facing side and a solid core internal wall between the units. The units were designed for easy maintenance, with durable surfaces and accessible mechanical spaces.
Both units were leased at a combined rent of $1,150/week, achieving the target yield of 8.5% per annum. The corner location has proven to be an advantage for foot traffic to local amenities, and the strata title structure has allowed the investor to sell one unit independently while retaining the other, providing flexibility and liquidity. The building has had zero significant maintenance issues in its first year of operation.
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