Description
Think outside the box? This property presents a world of opportunities for the astute byer.
Whether you are a First Home Buyer, an Investor, or a about to retire, this special place will suit your need for a place to call home and an investment all in one.
Set on a sensibly sized block, this property can easily be your home, as well as an income producing & tax deductable rental investment, that assists you in paying down your mortgage sooner.
WHY! spend the same amount of money to buye in the outer suburbs, when could have all of this right in the middle of everything in a lovely quiet area??
This property presents very well, within a secure and private setting on quiet street, just few hundred metres from a school and public transport. There is a state high school and 3 major shopping centres inside a 3 kilometre radius.
The property is not subject to flooding and this can be easily verified with the council.
The property can be set up as you like, currently it's a Highset Duplex unit block featuring 2 X 2 bedroom units set high and a 1 bedroom unit set low under unit A.
This allows the astute buyer great flexibility in how they chose to use the property. Currently, we, the owner, live in the lower 1 bedroom unit and rent separately the other units.
Please check out the virtual walk through and the pictures do your sums and then get on phone and ask all the questions you want.
The asking price of $399,990K, is negotiable to serious buyers and all offers will be considered.
Rental Income:
B side Unit currently rented to a family that has been with us 4 years, with no foreseeable need or reason to move. The B side is currently returning $270 P/W
A side, this can vary depending on the rental model you choose to apply (Currently, my wife and I reside in the 1 bedroom unit down stairs. Potential rental $220 P/W
? Unit A upstairs [2 x Bedroom] is vacant to help facilitate the sale. Potential rental $280 P/W
? Unit A, can also be used as student accommodation for up to 2/3. Potential return $270/380 P/W
? Or, if owner not in residence you can let the whole of the A side as 1. Potential return $335 P/W
The total potential income is up to you and how you choose to manage the property.
If you choose to let as a plan duplex with unit A x 3 bed & 2 bathroom @ $325 P/W and unit B standard 2 x bedroom @ $270 P/W, you are looking at a gross return of $30,680 PA, that is better than money in the bank!
Out going Costs:
Local City Council cost model we use is all inclusive, water, waste & sewage @ $2,698.11 paid 6 monthly.
Whether you are a First Home Buyer, an Investor, or a about to retire, this special place will suit your need for a place to call home and an investment all in one.
Set on a sensibly sized block, this property can easily be your home, as well as an income producing & tax deductable rental investment, that assists you in paying down your mortgage sooner.
WHY! spend the same amount of money to buye in the outer suburbs, when could have all of this right in the middle of everything in a lovely quiet area??
This property presents very well, within a secure and private setting on quiet street, just few hundred metres from a school and public transport. There is a state high school and 3 major shopping centres inside a 3 kilometre radius.
The property is not subject to flooding and this can be easily verified with the council.
The property can be set up as you like, currently it's a Highset Duplex unit block featuring 2 X 2 bedroom units set high and a 1 bedroom unit set low under unit A.
This allows the astute buyer great flexibility in how they chose to use the property. Currently, we, the owner, live in the lower 1 bedroom unit and rent separately the other units.
Please check out the virtual walk through and the pictures do your sums and then get on phone and ask all the questions you want.
The asking price of $399,990K, is negotiable to serious buyers and all offers will be considered.
Rental Income:
B side Unit currently rented to a family that has been with us 4 years, with no foreseeable need or reason to move. The B side is currently returning $270 P/W
A side, this can vary depending on the rental model you choose to apply (Currently, my wife and I reside in the 1 bedroom unit down stairs. Potential rental $220 P/W
? Unit A upstairs [2 x Bedroom] is vacant to help facilitate the sale. Potential rental $280 P/W
? Unit A, can also be used as student accommodation for up to 2/3. Potential return $270/380 P/W
? Or, if owner not in residence you can let the whole of the A side as 1. Potential return $335 P/W
The total potential income is up to you and how you choose to manage the property.
If you choose to let as a plan duplex with unit A x 3 bed & 2 bathroom @ $325 P/W and unit B standard 2 x bedroom @ $270 P/W, you are looking at a gross return of $30,680 PA, that is better than money in the bank!
Out going Costs:
Local City Council cost model we use is all inclusive, water, waste & sewage @ $2,698.11 paid 6 monthly.