Type of Property: House
Reason of Purchase: Investment3 1 1
Searching for an investment property from interstate is hard enough, let alone during a Covid Lock Down. With a moving Real Estate market waiting for a lock down to end to DIY a Property purchase isn’t really an option either!
After a few weeks into the investment property search we found this off market property which ticked every box, renovated to a high standard by the previous owner the dwelling represented a low maintenance set and forget investment property, which could be rented out AS IS, but also with zoning that allowed for development potential this also is a great land banking opportunity for 10-15 years down the track.
The sellers elected to rent the property back for 12 months on a fixed term tenancy yielding around 4% Gross for our investor.
Rental: $435 Per week Rent back from seller
Bed / Bath / Car: 3 / 1 / 1
Block Size: 673m2
Proximity to CBD: ~18km Direct Line to CBD
Notes: Zoned for future Development, Previously renovated