What do they say in real estate – it’s all about the location and whilst this baby needs some work, the location is excellent and it sits on a totally level block only a short walk to the local shopping centre with a fantastic 8% gross return.
The home at the front of the block consists of 2 bedrooms, main bedroom with walk-in robe through to bathroom, sunny kitchen/dining, lounge with wood heater and reverse cycle air conditioner, back enclosed porch and laundry plus a private rear courtyard.
The flat at the back is basic and consists of 1 bedroom/lounge, sunny kitchen/dining and a combined bathroom and laundry.
Combined rent is $300 per week ($175 per week for the 2 bedroom home and $125 per week for the flat).
This property has potential plus! You choose, live in one and rent the other, rent both, live in one and extended family lives in the other, maybe renovate and sell…so many choices, so many possibilities, so much potential!
Inspections are highly recommended but please note that the property is currently tenanted and we need to give tenants 48 hours notice.