This property would be suitable for the INVESTOR, RENOVATOR or FIRST HOME BUYER. 2 bedroom home with sleepout and to the rear is a small one bedroom flatette. Both air conditioned. Fully fenced rear yard.
Suitability for First Home Owners as the $7000 grant will be available should exchange of Contract be facilitated before the 31st September 2012. Now, that would well and truly take care of the Stamp Duty.
Yes, the property does need some TLC, however if you are a handy man then most of the work will come easy.
Potential for a return of $240 p/w for the front of the house and a possible $90 p/w for the rear flatette. Or maybe you would like to move in and renovate to your liking.
Either way you would be a winner. With your options open an inspection would be worth while.