Add Value Opportunity In 1 Of Australia's Best Buying Markets
Property ID: 15102995
Purchase Price $265K
Estimated Rent $280 per week
Estimated Yield 5.45%
Add value to this house situated on a corner block just 2.5km form the CBD through a minor renovation.
Improve your rental yield by adding a granny flat, with separate street entrance. Estimated yield after addition of a granny flat is 6.7%.
The existing house is able to be rented immediately, has 3 good sized bedrooms all with carpet, sleep out or study, air conditioned kitchen, polished timber hardwood flooring and covered outdoor area.
FACILITIES AND INFRASTRUCTURE NEARBY
There are several Bus stops, a huge Park, 2 Schools, Take away outlets and Restaurants within a few minutes walk.
Within a 3 minute drive there are Banks, Doctors, Pharmacy's, Australia Post and a Cinema.
There are 5 Private Schools and 7 Public Schools within a 4.5km radius of the property.
2 km to Train station.
2.5km to CBD.
2.5km to 2 Hospitals.
3 km to a TAFE campus.
3.4km to the largest Shopping centre in the City; with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores.
3.9km to a University Campus.
5km to a large new Industrial Park to be constructed and is expected to bring 14,000 jobs to the area.
7km to a $1Billion Industrial park.
The population of this region is forecast to more than double in the next 16 years, bringing an additional 75,000 jobs to the area. An additional 120,000 jobs are expected to be created within travelling distance to this location.
There is currently $Billions in infrastructure spending planned for this city. As a result this region is projected by property experts to see strong capital growth over the next 3 years.
While the entire region is set to see capital growth, some locations within this region will do better than others. Considering the below all indications are the suburb this property is located in will perform better than most;
The suburb this property is located in has the highest online enquiry rate in the city and almost 70% higher than the state average.
Vacancy rates have consistently been below 2% for a number of years and currently sits at 1.7%.
Available properties on the market have reduced 28% in the last 10 months.
There is only 1 block of land available for sale in the suburb. The location is established so there in limited opportunity to construct new housing.
The number of house sales has increased 25% over the past 12 months.
Rental yields have increase over the past 12 months.
Call Matthew Barnes ASAP on 0430 979 900 for further details and to secure this investment opportunity.