Affordable with potential
With enormous potential to add value, this property is looking for an entrepreneurially minded buyer to invest in this classic rental that is in need of some TLC. The property is currently rented on a periodic tenancy at $385 per week providing a gross return of 6.36%.
Our vendors have had the switchboard replaced, rewired what was needed, repainted the bathroom and separate toilet and ensured the insulation is up to requirements.
Situated not more than 5 minutes from the CBD, this three-bedroom, one-bathroom, and 506m 2 property has yard space and a shed / studio that would respond well to the new owner vision.
Renovate, landscape or landbank for future development – all opportunities to significantly increase the value for an enterprising buyer with a vision to the future.
For investors looking for a foothold on centrally located properties, this is your ticket. Not only having off-street parking, there are nearby bus stops and plenty of nearby amenities.
Please act now and get in touch today for more information, properties in this price range do not last long.