With interest rates so low, getting a good steady return on your money is quite the challenge. The answer for you may be right here. Bricks and mortar have long been a low risk way of investment and in this case there is also some added potential.
The home on the front has 2 large bedrooms, sunroom/enclosed verandah, separate lounge and dining rooms and a very neat laminated kitchen and bathroom that were renewed approx… 6-7 years ago. There are 2 toilets, an air conditioner and whilst a neat tidy home there is still room to value add for those that like the opportunity.
The second dwelling a granny flat is modern, has an air conditioned, open plan kitchen/dining/lounge layout, a combined bathroom/laundry and 2 decent sized bedrooms.
Both homes have their own yard space and plenty of off street parking. Total income in the current market is $480 per week and as a dual income opportunity it represents lower risk.
Make this your start to a portfolio, or add it to an existing portfolio but this is the ideal way to get more from a local residential property investment.
email
rachaelb@jurds.com.au
