The villa at 2/51 Panton St, Derby is within a small complex of 3 single bedroom brick villas, each with separate built strata titles. It is a slightly raised ground floor structure with its own fully fenced front and back yards of 72sqm and 50sqm respectively. This complex, adjoins the rear of the Aboriginal Health Facility and the raised front veranda has expansive views, partly over the tidal flats and community housing, while the rear veranda looks onto treed vacant land (currently on unit 1 title, see image), which is a haven to many birds especially in the mornings. All three units are currently tenanted, with carefully selected tenants, who are considerate and cooperative.

The complex was built in 1986 by the State Housing Commission to accommodate seniors. This well-built brick structure with some original stainless steel fittings was extensively renovated over the years and again in the last year. Each villa has the same basic plan and provides modest spacious furnished accommodation (separate lounge and bedroom), with verandas in both front and rear as well as a small store room totalling 69sqm/unit. The recent renovations involved a total work over with new tiling in kitchen, laundry, shower and repainting of all walls and ceilings, doors and skirting. The floor plan of unit 2 is a mirror image of that for units 1 & 3 (see image).

Income: The villa is currently let at $330- pw., on a 12
month lease.
Costs: At this stage there are no strata levies as I own the whole complex and manage it myself.
Shire Rates from 14/10/24 to 14/10/25 are $2745.35
Water Rates (service charges) from 1/7/23 to 30/6/24 were $1395.35

As I own the complex I am prepared to negotiate the sale of other units as well

Income: The villa is currently rented at $380- pw on a twelve month lease which is due for review on 17/5/26.