Now is the time to invest in this thriving town of Inverell. It is located very close to another NSWales town of Gunnadah which has experienced enormous capital gain increases and increased rents over the past couple of years. Why you ask?
Let me tell you about Inverell. Mining is active in this region with a bauxite mine in operation, but located just out of Inverell is a very large Abbatoir works. This is a huge employer. Employing currently over 300 locals and over 350 overseas residents on 4.5.7. visa’s – hence huge rental demand! This business is very sound and has been operating for many years. Potential employment for the nest twelve months for work at the Abbatoirs will be an additional 150 employees from overseas – the majority of these will be seeking rental accommodation. Yes, the potential is very exciting!
Small strata title subdivision consisting of 14 villa’s in total . The well planned and designed development in located in the area of ” Belgravia” which is renowned as a quality location.
Stage 1 has been constructed with all four villa’s sold and settled. Tenants are living very happily in these villa’s, appreciating the new modern décor and appliances, the spacious internal layout and the close proximity to all services and conveniences. The remaining dwellings consist of 3 bedroom villa’s or 2 bedroom duplex’s. One of the most attractive features of these villa’s is two carports have been provided for each dwelling. The 3 bed villa’s also include a store room constructed at the rear of the carport area. Yes, the developer has thought of everything here!
Rental Demand and Rental Income Estimation? See above comments re the demand for properties. We looked for the selection of rentals available in Inverell on Real Estate.com and found only 11 properties available – mostly older dwellings. There is a lack of new accommodation for tenants – so these are in demand already. Rental Income for the 3 bed Villa’s will be in the range of $290 to $295 per week; the 2 bed duplex’s will be in the range of $280 to $285 per week.
External construction is of Hardiplank weatherboards, internal is plasterboard. Quality kitchen and bathroom fittings and fixtures ensures a very attractive product. Underfloor, wall and ceiling insulation is included, with ceiling fans in living areas.
These are so competitively priced and the opportunity so huge……. why not purchase two?
Features: Villa: spacious kitchen, dining and lounge areas , 3 beds, 1 bath, separate laundry area, 2 bedrooms with alternate Bed 3 or Rumpus room, robes to all bedrooms, linen, separate linen, plus 2 undercover carport spaces plus a lockable storage room. Duplex unit with kitchen, dining and lounge areas, 2 beds, robes to all bedrooms, linen, separate laundry, plus two undercover carport spaces.
VILLA: 3 BEDS, 2 BATH, 2 CARS
DUPLEX: 2 BEDS, 2 BATH 2 CARS
FOR SALE: From $210,000