Are you one of those still waiting for prices to fall before you jump in and do the right thing? Then, we have news for you. The higher the interest rate goes, usually the higher the market goes. It is probably time to look at this one and make a great decision. With a very high rent yield and a continually soaring rental market, you would probably add nothing to this one: Just sit on it and let someone else grow your investment for you.
However, if you are looking at your low cost first home, then this is for you. It’s cheaper than renting, and with the owner willing to consider any reasonable offer, you would not want to let this slip away from your fingers. With block size of 713 square meters, this has huge future potential and will be a good addition to your property portfolio. Whichever way you look at it, you can hardly go wrong.
Currently tenanted at $290 a week, you would probably add nothing more to the mortgage if you were an investor. There is a long standing tenant who is happy to stay, if the new owners desire. The property is close to two major shopping centres – the Armadale Shopping Mall and the much smaller one on Haynes Street but with convenience of Coles and other specialty shops.
Other Feature include:
* Open plan kitchen with plenty of storage cupboards
* Large main bedroom with built-in robe
* Bathroom tiled with plenty of storage cupboards
* A recently replaced large storage gas hot water system
* Large Backyard and space for all pets
All offers will be presented, so feel free to give us a call and arrange inspection.
Call James today on 0413 687 796 or Fabian on 0426 168 605 to book inspection. Don’t wait for home open as it could be gone before the home open.