Description
The property is a three story house, one street from the University of Wollongong and has a long history as a share house for students.
It has eight bedrooms, three bathrooms, five toilets, and features a very large kitchen, dining room and lounge room. It has a den with a games room on the bottom level and plentiful storage throughout. It comes fully furnished, well maintained and as a currently running proposition.
The eight bedroom layout of the house is fully council approved and encompasses 314 square metres of living area plus parking for four cars. The property is very low maintenance with a pleasant outdoor area. The property is very durable with the living areas having internal brick walls.
The property returns 5% at the asking price which is a rare yield for residential property. It has a history of nearly 100% occupancy and is vastly oversubscribed every February. Gross rent near the university is proportional to the number of bedrooms available in a house, which gives this house a large income advantage over any other nearby property, with potential to increase this yield.
Students love this house when they inspect and it is arguably the best student accomodation in this price range in Wollongong.
Message Tony on 0401085999 for an inspection.
Genuine buyers only.
It has eight bedrooms, three bathrooms, five toilets, and features a very large kitchen, dining room and lounge room. It has a den with a games room on the bottom level and plentiful storage throughout. It comes fully furnished, well maintained and as a currently running proposition.
The eight bedroom layout of the house is fully council approved and encompasses 314 square metres of living area plus parking for four cars. The property is very low maintenance with a pleasant outdoor area. The property is very durable with the living areas having internal brick walls.
The property returns 5% at the asking price which is a rare yield for residential property. It has a history of nearly 100% occupancy and is vastly oversubscribed every February. Gross rent near the university is proportional to the number of bedrooms available in a house, which gives this house a large income advantage over any other nearby property, with potential to increase this yield.
Students love this house when they inspect and it is arguably the best student accomodation in this price range in Wollongong.
Message Tony on 0401085999 for an inspection.
Genuine buyers only.