DA In Place To Sub-Divide Less Than 4KM From The CBD
Property ID: 14190615
Purchase Price $330K
Estimated Rent $280 per week
Estimated Yield 4.41%
Land Size 928m2
DA in Place To Sub-divide
Add value and increase rent through renovation
Increase your yield by adding a granny flat
The existing house has 2 bedrooms + sleepout, bathroom, 2nd toilet, separate laundry, nice front deck, large double car garage in the back yard and new fencing has only just been installed to the front and both sides of the property.
Value can be added by painting and updating the kitchen & bathroom.
FACILITIES AND INFRASTRUCTURE NEARBY
There are Bus stops, Train station with direct access to the CBD, Restaurants and Cafe's within walking distance.
Within a 5 minute drive there are several Schools, Banks, Doctors, Pharmacy's, Bunnings, Australia Post and a Cinema.
2.6km to a TAFE campus.
3.8 km to CBD.
4 km to 2 Hospitals.
4.5 km to the largest Shopping centre in the City; with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores.
5 km to a $1Billion Industrial park.5.5km to a large new Industrial Park to be constructed and is expected to bring 14,000 jobs to the area.
5.5 km to a University Campus.
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.
Vacancy rates have consistently been below 2.5% for a number of years and currently sits at 1.9%.
Available properties on the market have reduced 1/3 in the last 7 months.
There are currently only 2 blocks of land available for sale in the suburb. The location is established so there in limited opportunity to construct new housing.
These types of properties don't last long so call Matthew Barnes ASAP on 0430 979 900 for further details and to secure this investment opportunity.