Opportunity to Manufacture Equity through Renovation
Property ID: 14930965
Purchase Price $599K
Median 3 Bedroom House Price in suburb : $635K+
Median 3 Bedroom House Rental Yield 4.6%
Projected Rent in Current Condition $550 a week
Projected Rent Renovated $650 + a week
Comparable Renovated properties in the area 700K+
Located in a highly sought after location in a region currently moving into the growth part of the cycle. With vacancy rates of just 0.92%. The property is also an excellent opportunity to create value and build equity through a strategic cosmetic renovation. The property is ideal for renovation as there is a sizeable disparity in pricing between renovated and un-renovated properties in this suburb.
Walking distance to restaurants,bars,parks, Cinema, banks and pharmacies
Walking distance to one of the state's biggest shopping centres with over 200 stores, parking for 3,000 cars and bus and Light Rail interchange with brands like Myer, Kmart, Target, Coles.
Shopping centre currently undergoing $670 Million development which will add 120 stores including a David Jones and Big W.
Light Rail with services to the CBD, Hospital and University.
10 km to the CBD
Primary and High School within 1.5 km
3 km to another University
5 km to another Hospital
5 Minutes to the beach
3 Bedroom house
Lock up garage
Large opportunity to increase value through a cosmetic renovation
Contact Yujin Yeoh on 0479 191 815 now to secure this property.