Another quality freestanding villa successfully sold off market.
Positioned within a tightly held villa complex in a highly convenient Seaford location, this well-maintained residence offered investors an attractive combination of immediate rental income, long-term tenant stability and genuine future rental upside.
Held by the same owner for many years, the property had been exceptionally well cared for and featured a highly functional floorplan along with a larger-than-expected private rear yard rarely found in comparable villa developments.
A major attraction was the long-term tenant of approximately eight years, who had treated the home with genuine care and provided excellent stability for the incoming investor.
At the time of sale, the property was returning $1,412 per calendar month on a month-to-month tenancy and was considered significantly under-rented compared with current market levels, providing strong future potential for improved yield.
Freshly painted throughout and presented in neat, comfortable condition, the home offered immediate appeal without requiring major expenditure.
Features included:
2 generous bedrooms
Spacious light-filled living area
Functional kitchen adjoining meals area
Fresh internal paintwork
Original floor coverings in tidy condition
Gas heating and air conditioning
Central bathroom with separate shower and bath
Separate laundry and toilet
Single garage
Excellent-sized private rear yard
Investment Information:
Current Rent: $1,412 PCM
Tenancy: Month-to-month
Long-term tenant of approximately 8 years
Owners Corporation Fees: Approx. $691 per quarter
Estimated Market Rent: Approx. $475$485 per week
The location was another major drawcard, with easy access to Peninsula Link, EastLink, local shopping, schools, parklands and the wider Frankston and Seaford lifestyle amenities.
Sold off market through fosterfroling Real Estate and matched directly with a buyer from our established investor network.
