Property No. 6750

HOLDING DEPOSIT RECEIVED

This impeccably-renovated two bedroom full brick apartment is not only one of the largest in the area but also perfectly located to take advantage of the best Merrylands has to offer. Situated on a second floor of a secure block, it is minutes walk to shops and transport, and is right on the fringe of the ever-growing cosmopolitan Parramatta CBD with multiple child-care centers and schools nearby.

Enjoying a north easterly aspect, the unit receives plenty of natural light throughout the day with the help of 2 balconies and multiple strategically-placed large windows. Having just gone under a complete renovation, the apartment boasts:

- New paint + carpet + light fixtures in every room
- A large open-plan living area with floating timber flooring and a brand new air-con unit opening to a generous entertaining balcony with privacy screen
- A renovated extra-large gas kitchen with plenty of cupboard space and all new stainless steel appliances plus integrated under-bench washing machine
- An extra-large master bedroom with mirrored built-ins and second balcony overlooking the front yard and Merrylands road
- A good sized second bedroom with mirrored built-ins and large window
- Completely renovated large main bathroom with full-sized bathtub and all new amenities
- A brand new second bathroom with all new amenities
- An extra large private Lock-Up Garage storage shelf and space

For the astute investor, the property is currently rented to a long term and high quality tenant on a month-to-month basis who would love to stay and is willing to sign on to a new lease at $460/week. (For comparison: current local market rent for a comparable unit is $420-$440/pw)

Some important numbers:

- Price: $480k – $530k
- Size: 104sqm internal and 127sqm total (one of largest 2bedders in the area)
- Strata: $690.40 per quarter ($ Admin $ Sinking)
- Council: $264 per quarter
- Water: $175 per quarter
- Rent: potential rent of $460/week = almost 5 percent yield

With brilliant location/features and an exceptional market-beating rental return, this property will make a perfect home for your growing family or stellar investment for your portfolio. Be quick to inspect as it won’t last long!

***ATTENTION: Not enough deposit? Self-employed? Lenders giving you a hard time? Not a worry, Vendor’s Financing available to selective applicants, please inquire***