Purchased $25,000 Below Market Value!!!


Type of Property: House

Reason of Purchase: Investment

3 Bathroom Icon2 2

This property could be the perfect investment!

Sitting on a sub dividable block of elevated land this property represents a solid investment opportunity for our Aussie Expat client. Living in the Middle East this client was looking for a solid investment property that wouldn’t be a drain on the bank account cash flow wise, but also have some future upside as well.  

The dwelling is positioned on a 600m2 block with room for a boat or caravan and walking distance to all amenities including transport, shops, public and private schooling and child care centres.

Post settlement our client invested between $15-20,ooo into the property to improve its presentation and also rent ability as well as undertake preventative maintenance items. The renovations might appear subtle in the before and after photos displayed but the improvement within the property was dramatic.

We undertook a full internal repaint to freshen the property up, going for USA Antique white to blend in with the original cabinetry colours, also we installed LED down Lights and Fans through the property to improve comfort and energy efficiency as well as servicing the Split system A/C unit to prolong its life.  In addition the property was made water compliant, as well as tap ware being updated throughout to give the home a modern touch.

 

Fast Facts;

Price:

$580,000 

Block Size:

600m2

Bed / Bath / Car:

3 / 2 / 2 

Rental Return:

$460 Per week or around 4% Gross

Proximity to CBD:

~10km direct line

Notes:

Three huge bedrooms – master with en-suite
Family bathroom with bath
Formal lounge and dining room
Family room
Central kitchen with wall oven and pantry
Tiled throughout
Outdoor entertaining area 
Good yard for kids and pets to play
Lots of storage and huge laundry
Two car accommodation plus a third car park and side access