*All offers are to be submitted in writing no later than 2pm Monday 8th October 2012.
Contact Sam to obtain necessary paperwork to submit your interest.

This is your entry point to one of Newcastle’s most sought after suburbs!

Great opportunity for first time buyer at this low price.

Professionally managed strata building which has recently had a face-lift outside with cement rendering and new paint all round.

The unit is in original condition, with functional kitchen, one large bedroom with built-ins, 2 living rooms (potential for one to be converted to second bed) and a good sized bathroom just begging for modernisation!

There is opportunity here to add some sweat equity and start building your property portfolio.

Crunch these numbers:

$265k mortgage over 30 years @ variable rate of 6.09% – repayments would be $370pw
(Comparison rate is 6.16%)
Recent rental appraisal states it will rent as is for $200-$220pw
$300 – $320 after a quality renovation
$360 – $380 if converted to 2 bed with quality renovation
Strata – $411 per quarter
*All figures are approximate. Please consult a qualified financial planner for investment advice.

Call Sam on 49261400 for more information and to arrange your inspection today!