Sub Dividable Block In A High Demand Location
Property ID: 19417805
Purchase Price $620K
Market Rent $520 per week
Zoned to allow sub division into 2 lots (STCA) this is an ideal property for the investor looking for a short term project and a quick profit.
There is very little vacant land available in the local market. Recent sales of land around 400m2 have provided returns of $410K to $445K.
With demand outweighing supply for this suburb and sales rates on the rise to be at their highest levels in 15 months, now is the time to buy.
This suburb has high owner levels and there has been a consistent shortage of rental properties in this suburb for the last 2 years.
The pocket in which this property is located is more than 70% Owner Occupied, has no public housing and higher than average income levels.
This fully detached house is an ideal investment to take control of now and sub divide in the future, subject to Council approval.
2 Separate living areas plus dining area
2 way bathroom
Large covered outdoor entertaining area
Air conditioning in living area and main bedroom
Fully fenced back yard
Built out area of the suburb
Bus stop 500m
26.7m Street Frontage
Everything your tenants need is close by.
1.5km to a Shopping Centre with Kmart, Coles, Woolworths, Aldi and 60 specialty stores.
Close to the shopping centre is Harvey Norman, Office works and Toy's R Us.
Train station, Primary and High schools, Childcare, Coles, Woolworths, Sporting Clubs, Pool, Banks, Coffee shops, Restaurant's and Take away outlets are within a few minutes drive.
One of Australia's largest shopping centres with with Myer, David Jones, Big W, Kmart, Target, Coles, Woolworths, 16 Screen Cinemas and almost 500 specialty stores.
There are 2 Hospital's and a University campus within 6.5km.
For further details call Matthew Barnes on 0430 979 900.