This house with 7 shared bedrooms offers rental income returns that most investors wouldn't dream of!
Each bedroom is leasing for from $150 - $165 Per week, which will see you achieve a potential return on investment in excess of 10% per annum.
The vendor has managed this renting property for years, only leasing to female tenants but he has never had a problem to find tenants. The next owner might be able to get an even better rental due to current Bendigo rental properties in high demand.
Only 800 meters away from Latrobe University
Close to Bendigo South East college and First Grammar childcare centre
Close to Kennington shopping centre
10 minute drive to the CBD
The interior of the home offers a practical and convenience layout throughout, with each bedroom well sized and furnished with a single bed, desk and desk chair (included within sale of the property). Whilst both bathrooms present stylishly with a large shower, vanity and sleek tiling throughout. The kitchen offers plenty of storage with recently updated cabinetry and new rangehood. Flowing on from the kitchen is an open plan living and dining area with plenty of natural light.
Compliant legislative standards are met, and city council permit are renewed every year.
Interior is renovated and updated, and exterior is well maintained. As a plumber and tradie, owner has done all the hard work to ensure the next owner simply sits back and prospers from the rental income without hassle.
Properties like this of such a compliant nature with strong returns do not come around very often.
The vendor is very keen to sell due to his retirement.
Please call Jacky on 0468870611 for more information or to book an inspection.
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