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62 Ajax Street, Milton, Clutha

$469,000

2

130m²

1,581m²

SMART INVESTMENT | LIVE IN ONE, RENT THE OTHER

Two x 1-Bedroom Units - Prime Opportunity

Ideal for investors or owner-occupiers seeking income.

Two mirror-image 1-bedroom Units on a good sized section approx 1581m2 where only part is utilized leaving room for future development possibilities.

Each Unit Features:

Open-plan living flowing (heat pump) leads out to a sun-drenched deck via slider doors, efficient galley kitchen, full bathroom with shower over bath and vanity, the laundry is tucked in corner. Separate w/c.

Heat pump for year-round comfort. North and South positioning ensures excellent natural light to both units. Privacy wall in between. Carport

The Opportunity:

Live in one, rent the other for mortgage relief, or rent both for passive income. Compact, low-maintenance design with conveniences tenants love. The smaller building footprint preserves the balance of the section - perfect for sheep grazing, lifestyle pursuits, or future dwelling subject to consent. Rare opportunity to retain land value while generating immediate returns.

Perfect For:

First home buyers wanting rental income, investors seeking dual-income property, or those planning ahead for additional development. Two tidy units, minimal maintenance, maximum flexibility. Build your wealth while someone else pays the mortgage.

Unit B is currently tenanted at $285.00 per week. Freshen these units up and get a higher return.

Additional details

Type

House

Property ID

L38579780

Listed on

17/12/2025

Updated

10 hours ago

Property insights

OneRoof estimateRating valuationProperty history

Rating valuation

OneRoof mentions

Listed for sale on OneRoof for 2 days (last updated on 17 December) and was last sold in 2006 for $160,000. Its latest rating valuation by Clutha council is $450,000 as of 2023. There are 4 2-bedroom properties for sale nearby. There are 39 properties for sale in Milton.

Property data

Broadband available

Floor area

130m²

Land area

1,581m²

Type of title

Freehold

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Time (yrs)

5 yrs

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Milton, Clutha

Milton is a suburb which lies within the Territorial Authority of Clutha, one of 20 residential suburbs which form the wider region. Milton is the 2nd largest suburb of Clutha in terms of the total number of residential housing stock. Milton provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1970 - 1979. Residential housing stock in Milton is made up of approximately 83% residential housing , 1% residential investment housing and 16% lifestyle properties.

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