Welcome to 75 Peel Street.
Dual-Living Charm with Income Potential and Subdivision Opportunity (STCA)
Discover a rare gem where lifestyle and investment potential come together. Whether you're a family seeking flexible living arrangements or an astute investor looking to unlock additional income streams, this property offers a unique opportunity to have it all.
Key Features:
- Generous 812sqm corner block with wide street frontage - prime for future subdivision (STCA).
- Two fully self-contained residences (upstairs and downstairs) - perfect for dual-living or extra rental income.
- Separate power meters and laundries for each residence.
- Immaculately presented interiors blending modern convenience with classic character.
- Updated kitchens and bathrooms, concrete pathways and driveway and full irrigation system.
- Secure garage with remote controlled roller door.
- Peacefull, low traffic neighbourhood
- Currently vacant and there's nothing to do!
- Rental appraisal at $900 per week / $46,800 per annum
Upstairs Residence:
- Private living with beautiful garden views
- Classic charm with VJ walls and polished timber floors
- Light-filled open-plan living with large windows
- Well-appointed upgraded kitchen and bathroom
- Separate walk-in robe and study
- Fully air-conditioned with ceiling fans and flyscreens
- Dedicated laundry
Downstairs Residence:
- Private and tranquil setting with garden outlook
- Bright interiors and flexible dual living zones
- Compact yet functional kitchen with pantry and dining area
- Internal laundry
- Open-plan lounge and living space
- Fully air conditioned
Why you'll love this property:
- Live upstairs and rent out downstairs to offset your mortgage or boost your income
- Co-exist with family while maintaining privacy and independence.
- Capitalise on subdivision potential (STCA) to build a second dwelling or unlock additional value
The size of Garbutt is approximately 12.0 square kilometres. It has 6 parks covering nearly 1.3% of total area. The population of Garbutt in 2016 was 2396 people. By 2021 the population was 2309 showing a population decline of 3.6% in the area during that time. The predominant age group in Garbutt is 20-29 years. Households in Garbutt are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Garbutt work in a community and personal service occupation.In 2021, 41.20% of the homes in Garbutt were owner-occupied compared with 37.50% in 2016.
Garbutt has 2,438 properties. Over the last 5 years, Houses in Garbutt have seen a 96.79% increase in median value, while Units have seen a 117.16% increase. As at 30 November 2025:
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