This property is a fantastic opportunity for first-time buyers or savvy investors looking to step onto the property ladder. Offering an affordable price point and strong rental potential, it's an ideal choice for those seeking to secure a smart investment. While the property does need some upgrading, the potential is clear, and the price reflects this, making it an ideal project for those looking to add value.
Key Features:
Affordable Price: Priced to reflect its current condition, this is the cheapest unit in the area, presenting great value.
Spacious Bedrooms: Comfortable rooms with ample space, perfect for a small family.
Lounge/Dining Area: Relax and unwind in the open lounge/dining area.
Kitchen: The kitchen has been recently replaced, providing a functional space for meal preparation and dining.
Storage & Garage: Includes a large single lock-up garage and ample storage space.
Rental Potential: Currently tenanted at $400 per week, the potential for rent increases makes it an excellent investment opportunity.
Location:
Convenient Access: Easy access to local amenities, making day-to-day living a breeze.
High Demand Area: A highly desirable location with strong rental demand.
Post-Flood Repairs: The kitchen has been replaced, and ongoing work is being done to the exterior to ensure it is in great condition moving forward.
Investment Potential:
The property presents strong potential for rental income, with many people currently looking for rentals in this area. This is your chance to invest in a property with great returns. While upgrades are needed, the opportunity to add value and improve the property is undeniable.
Property ID: #L26682430
