Potential development with healthy yield
Type of Property: House
Reason of Purchase: Investment3 1 1
This property is land banking at its best.
These clients wanted to secure a solid long term investment with a conservative budget. From the outset I mentioned that with a bit of luck, we might find something with future development potential. And thats exactly what we did.
With a dwelling that is in great condition for medium to long term site hold, the property offers heaps of future options such as subdivision, or townhouse development just to name a few.
Block Size: 673m2
Bed / Bath / Car: 3 / 1 / 1
Rental: $355-$375 Or around 4.7% – 4.9% Gross
Notes: Well presented house with good long term potential to use the LMR zoning