16 Diosma St, Rangeway is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1973. The property has a land size of 971m2 and floor size of 80m2.
16A & 16B Diosma Street, RangewayOffers Above $470,000An unmissable opportunity to secure two duplex properties on separate titles, offered together as one investment package. These solid brick and tile homes share a central wall and are positioned on generous adjoining blocks, each with its own street frontage, driveway, and utility connections - making them ideal for investors seeking dual income with minimal hassle.Both homes are currently tenanted on periodic leases at $320 per week each, providing a combined rental income of $640 per week, which equates to a gross rental yield of approx. 7% at the list price. Rent review due in October.Each property includes:- 3 bedrooms, 1 bathroom- Open-plan kitchen and living areas- Tiled flooring to high-traffic areas- Spacious, fenced backyards- Off-street parking- Low-maintenance layouts with potential to modernise furtherSet in a convenient location close to schools, shopping centers, transport routes, and parkland, these properties offer strong rental appeal and great long-term value.Outgoings (combined, both properties):- Council Rates: approx. $850 per quarter- Water Rates: approx. $144.84 per quarter- Total Combined Outgoings: approx. $994.84 per quarterWith the sellers motivated and priced for a quick sale, this is a rare chance to secure a ready-made income-producing asset.For further information or to register your interest, contact Will McKenzie on 0419 919 590.Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.
The size of Rangeway is approximately 1.8 square kilometres. There are 6 parks, covering nearly 4.2% of the total area. The population of Rangeway in 2016 was 1887 people. By 2021 the population was 1871 showing a population decline of 0.8% in the area during that time. The predominant age group in Rangeway is 0-9 years. Households in Rangeway are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rangeway work in a labourer occupation.In 2021, 59.30% of the homes in Rangeway were owner-occupied compared with 60.30% in 2016.
Rangeway has 998 properties. Over the last 5 years, Houses in Rangeway have seen a 149.80% increase in median value, while Units have seen a 136.08% increase. As at 31 October 2026:
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