Fully Detached House 14KM From A Capital City CBD With Great Growth Prospects
Property ID: 16495015
Purchase Price $480K
Rent $430 per week
Gross yield 4.65%
Located in a select part of a suburb set for capital growth, this is an ideal long term buy and hold investment.
This precinct has mainly Owner Occupiers but is in high demand from renters and vacancy rates in this location are at just 1.5% (2 to 3% is considered a balanced market).
Surrounding suburbs have seen almost double the capital growth over the past 5 years and many have higher median prices. This investment is selling for $25K less than the median price of 4 bedroom houses in the suburb, which shows is set for a period of growth.
The upgrading of the Motorway will make access easier for residents, which should lead to further demand on the location.
Bus stop 200m;
Train station with direct access to the CBD, 1.3km;
One of the State's highest rated private school - 1.6km;
Child care, public and private schools, Woolworths, Coles, Aldi and IGA, Restaurants and Coffee shops all within a few minutes drive.
Easy access to Motorway and airport.
4 Good size bedrooms, all with built in robes and ceiling fans;
2 Bathrooms, including en suite to the main bedroom;
Double lock up remote control garage;
Air conditioning in the living, dining area;
Security screens throughout;
House is in good condition with no work needed;
Tenants have been in place for 4 years;
Flood free block;
Call Matthew Barnes on 0430 979 900 for further details.