129 Wells Parade BLACKMANS BAY TAS 7052
Offers Over $985,000

DESCRIPTION

Welcome to 129 Wells Parade, a versatile and spacious property located in the heart of the picturesque Blackmans Bay. Situated on a generous 667sqm block, this home offers exceptional dual living potential, perfect for large families, investors, or those seeking a multi-generational living arrangement.

This beautifully presented property is currently set up as two residences, providing a unique and flexible living arrangement.

Upstairs Residence:
The upper level boasts a light-filled, open-plan living, dining, and kitchen area with modern timber flooring. The kitchen is a chef's delight, featuring stone benchtops and stainless steel appliances, including a dishwasher, wall oven, and rangehood. Adjacent to the main living area, you'll find a sunroom that serves as a perfect second living space, ideal for relaxation or entertaining.

This level also includes three spacious bedrooms, all with built-in wardrobes, and a contemporary bathroom with a walk-in shower, separate bath, and a separate toilet. The laundry for the upper level is conveniently located downstairs, providing direct access to the entertaining deck and backyard via a glass sliding door.

The upper level has been leased at $635.00 per week (including internet, power, and water) until the start of June 2024, providing a steady rental income.

Lower Level Residence:
The lower level of the home is a modern two-bedroom flat, currently leased at $400 per week, including internet, power, and water. This self-contained residence features two bedrooms, both with built-in wardrobes, and a generously sized living/kitchen area complete with modern stainless steel appliances. This area also includes a study space, making it perfect for students or professionals working from home. The lower level has its own bathroom and laundry facilities, ensuring complete independence from the upper level.

Although currently blocked off, there is also internal access from the upper to lower level that’s easily reinstated if more suited to the new owners needs.

The property also boasts a 6x9 double car garage, currently set up with an internal dividing wall to provide private garage and storage spaces for both the upstairs and lower level residences. This thoughtful feature ensures that both residences have their own secure and dedicated areas for parking and storage.

The outdoor space includes an entertaining deck and a private backyard, perfect for family gatherings and outdoor activities. The garden is well-maintained and offers a serene setting for relaxation.

Situated in the highly sought-after Blackmans Bay, this property is close to local amenities, schools, parks, and the beautiful Blackmans Bay Beach. The area is known for its friendly community and stunning coastal views, making it an ideal place to call home. The property is located just a short 3-minute walk from Illawarra Primary School, a 5-minute walk from the beautiful Blackmans Bay beach, and just a short commute to local shops, restaurants, and the Kingston CBD. The home is on the bus route, perfect for kids commuting to school or for those inner-city workers wanting to avoid the hassle of the morning commute and inner-city parking costs.

Investment Opportunity:
With the upper level previously leased at $635.00 per week until June 2024 and the lower level currently leased until July 2024, generating a rental income of $400.00 per week, this property presents a fantastic investment opportunity. The dual living setup allows for multiple income streams or the flexibility to accommodate extended family members while maintaining privacy. Additionally, the property has rates of approximately $2,700 per annum.

Don’t miss this incredible opportunity to secure a dual living home in one of Tasmania's most desirable locations. Contact Simon or Taya today to arrange a viewing and discover the potential of 129 Wells Parade, Blackmans Bay.