Returning $395 p/w this investment provides a return of 5.47%, which is unheard of in Mount Barker. This property consists of 2 dwellings, the first being a spacious 3 bedroom home with 2 living areas, air conditioning and a large shed excellent for storage. The second is a one bedroom flat with bathroom, kitchen, laundry, living area and private rear yard. Both properties are in excellent condition and both have tenants for at least 6 months.

The land size is 1029m2 and is level and close to transport, shopping and schools. It also has a further development opportunity with a potential of 3 separate allotments subject to council consents. A rent increase in March 2010 will make a return of $400pw.

This one ticks all the boxes for anyone looking for a solid investment in the expanding township of Mount Barker.

Call to inspect by appointment.