$155,000 investment returning $220 per week
Owner selling – needing cash for business venture, all offers to be presented!

Why buy:
This home is the ideal investment property for the astute property investor. The property has been renovated and looked after, you will as an investor be able to sit back and relax. Located in a recognised major growth area – growth in 2010 is currently at 19.7% (source: PDSlive). Vacancy rate @ 0.4%! (source: SQM Research), Quality long term tenant occupying the property paying $220 per week. Depreciation schedule can be provided on request.
Obviously this home will also suit a first home buyer, since it is in excellent condition, you just move in, there is nothing to do. The rear lane access is an extra bonus if you have a boat or a caravan.

Property Location:
41 YARRAVEL ST,
SOUTH KEMPSEY NSW 2440
GPS Location:
Longitude: -31.093193 Latitude: 152.830671

Property ID:
Lot: B
Plan #: DP369556
Zoning: RESIDENTIAL
Title ref #: B/369556
LGA: KEMPSEY

Land info:
Street frontage: 19.6 m
2-street access
Depth of block: 39.9 m
Land area: 765.1 m2 = 30.25 perch

Investor info:
Weekly rent: $220
Lease: Periodic
Vacancy rate: 0.4%
Property growth 2010: 19.7%
Property depreciation: $47,346
Council rates: $401 per quarter

Property Facts:
General:
* Very well maintained 3 bedroom weatherboard house with excellent presentation including polished timber floors, painted interior, renovated bathroom, 2nd toilet installed, modern fittings/fixtures, renovated front veranda, added back veranda, new wiring and plumbing. The fully fenced garden has even been landscaped
Interior:
* 3 bedrooms
* Renovated bathroom
– shower, vanity unit & toilet
* Extra toilet
* Open plan kitchen with breakfast bar
– Oven with 4 burner electric hot plate
– Exhaust fan
– Lounge with beautiful timber floor, ceiling fan and open fireplace
* Dining area
* Secure fly screens and doors allows breezes through the house
* Interior walls: Gyprock
* Floor cover: timber, carpet, vinyl & tiles
Exterior:
* Exterior walls: Weatherboard
* Roof: Corrugated iron
* Garden shed
* 2 car parking at front
* 1 car carport at rear
* Room for a swimming pool
* Fully fenced property located in a flood-free zone

Distances:
* 3 minutes from the Kempsey town centre
* 15 minutes to beaches
* short walking distance to primary and high school

Inspection:
By prior appointment only with a minimum of 24 hours notice

Disclaimer: The above property information has been produced by place2live based on in-put from the vendor(s) and other sources. While it is trusted to be correct, the information can not be guaranteed and prospective buyers must rely on their own enquiries/investigations.