Under $300K with Potential to Add a Granny Flat
Property ID: 15688485
Purchase Price $270K
Projected Rent $285 per week
Estimated Yield 5.49%
Cost to add Granny Flat $145K
Estimated total rent $270 + $250 = $520 per week.
Estimated Gross Yield 6.52%
The existing house has 3 bedrooms, 1 bathroom and a car port. The home has fresh paint and new carpets. The home also features built-ins in all bedrooms with a bathroom in original condition.
The existing house is situated towards the front of a large 809m2 block which will allow plenty of room for a granny flat (subject to Council approval). The block is also a corner block which allow the granny flat to have it's own street frontage without an access driveway.
The population of this region is forecast to more than double in the next 16 years, bringing an additional 76,000 jobs to the area. There is currently $Billions in infrastructure spending planned for this city. The region is projected to see strong capital growth over the next 3 years.
- 2.5km to the local shopping centre with over 30 stores including Woolworths;
- Less than 5KM to 2 hospitals;
- Less than 7km to the University Campus
- 4km to a train station with direct access to Capital city CBD;
- Less than 5km to the CBD;
For further details contact Yujin Yeoh on 0479 191 815.