38 PARKER STREET, GOODNA | OFFERS OVER $599,000
INVESTORS, RUN THE NUMBERS. HOME BUYERS, TAKE ANOTHER LOOK. THIS COULD BE WORTH YOUR TIME.
There's a point in every property search when you start wondering whether the right opportunity is ever going to come along.
For investors, it's watching purchase prices climb while trying to find a property where the rent stacks up.
For home buyers, it's finding something affordable, only to discover that everything else seems to be just out of reach.
And for both, it's the frustration of wondering whether you should keep waiting or take a closer look at something you might previously have overlooked.
38 Parker Street could be that property.
The owner is committed elsewhere, has run out of time and needs to move on. The asking position has been reduced to OFFERS OVER $599,000, and all offers will be considered.
This is your chance to inspect, ask the questions, do your homework and decide whether the opportunity works for you.
INVESTORS WHAT COULD THE NUMBERS LOOK LIKE?
Let's start with the income.
At an indicative rental figure of approximately $640 per week, the property could generate $33,280 in gross rent annually.
At $599,000, that represents an illustrative 5.56% gross rental yield before expenses.
That's a figure worth investigating in a market where investors need to look carefully at both the purchase price and the potential income.
Council rates are approximately $506 per quarter, and an existing insurance quote is $2,251 annually. Water charges, management fees, maintenance, vacancy, finance and other applicable costs must also be considered.
The $640 weekly rent is an estimate, not a guaranteed return, so obtain a current rental appraisal and your own insurance quotation before making a decision.
This is not about promising you a magic investment. It's about giving you a property to assess, figures to investigate and an owner who is ready to consider offers.
If you've been waiting for an opportunity worth putting under the microscope, pick up the phone and run the numbers.
AND WHAT ABOUT THE HOME ITSELF?
Behind the high front fence is a renovated home with more to offer than you might expect.
Three bedrooms. Two bathrooms. A fresh, open kitchen. Mirrored built-in wardrobes. Easy-care tiled floors. And a generous 607m² block.
For an owner-occupier, there's the possibility of making a place your own rather than continuing to pay rent while waiting for the perfect home to appear.
For a first-home buyer, the price may put it within reach when many other properties are stretching budgets further than expected.
For an investor, the layout and potential rental income deserve a closer look.
You can picture settling in, making the kitchen your own, enjoying the space and turning a house into a home.
Of course, buying property is a major decision. You need to understand the risks, the costs and what you're comfortable taking on.
Which brings us to the question buyers are entitled to ask.
WHAT ABOUT THE FLOOD MAPPING?
The property is near the edge of mapped flood zones, but the exact exposure must be checked rather than assumed.
Flood mapping, insurance availability and individual circumstances can all affect a buying decision. We encourage every interested buyer to investigate the property's specific flood information, obtain independent advice and confirm insurance cover, exclusions and excesses directly with an insurer.
An existing insurance quote is approximately $2,251 per year, but this does not guarantee the same policy or premium will be available to you.
The important thing is to get the facts for yourself.
Don't buy without understanding the risks. But if you're interested in the property, don't rely on guesswork either.
Get the information. Check the figures. Then decide whether this is an opportunity that suits you.
THE OWNER NEEDS TO MOVE. THE NEXT MOVE COULD BE YOURS.
The asking position is now OFFERS OVER $599,000.
The owner is committed elsewhere and is open to all offers.
If you're an investor, this is your opportunity to assess the potential income against the costs.
If you're looking for a home, this is your opportunity to see whether the price, layout and location suit your circumstances.
And if you've looked at this property before but haven't acted, perhaps it's time to take another look.
You can spend another weekend scrolling through listings, wondering whether something suitable will come along.
Or you can arrange an inspection, ask the difficult questions and decide whether this property deserves a place on your shortlist.
Once the right offer is accepted, the opportunity is gone.
Don't leave it until someone else has made their decision.
