This family home is the cheapest house on the market in Bushland Beach and represents a great investment opportunity. The same tenant has been renting the house for over nine years and is keen to continue on as long as any new owners wish. The current fixed term lease is at $330/week and runs through till October 2019. That represents a gross return of 6.15% of the listed price of $279,000 meaning the property would be positively geared if you borrowed $250,000 of the purchase price at 5%:

* Master bedroom located at the front of the house with walk in robe and ensuite
* Two more bedrooms with built in robes
* Split system air conditioning and fans throughout
* Family bathroom has shower over the bath – perfect for toddlers
* Kitchen looks out over the patio and has electric appliances
* Open plan living & dining off the kitchen opens out to the patio
* Large 676sqm block has double gate side access into a large back yard with plenty of space for dogs or a pool or a large shed
* 200m walk to the new Coles shopping centre or a three minute drive to the beach, tavern or boat ramp

Houses under $300,000 are rare in Bushland Beach and with the market now in the recovery stage you may not see a house at this price again in the suburb.

Call the agent on 0423 692 422 to arrange an inspection at a time that suits you.