Where can you get a 4 bedroom home on a huge 3200m2 (3/4 acre) block for under $195,000 these days? The answer lies here.
This established c2001 home can be rented out for $250 per week (Property management appraised). From an investors perspective that equates to a positively geared property that will actually return more than interest on a standard 6% per annum home loan. This genuine sale price indicates that we have finally hit the bottom of the market where properties have finally become positively geared for the first time in many years.
Now don't feel that this is only for investors. At this price this property would comfortably suit first home owners, or even those looking to nest, develop or even build their dream home.
The options for this relatively flat block are endless, for example you could possibly...
Build a new house
Live in the current house whilst building a new house (stcc)
Rent out the house whilst building your new home (stcc)
Simply move in and live happily ever after
It is exceptionally rare to find such flexibility with any property.
Property features...
With power and rain water storage in place, R/C air conditioning, Foxtel dish, Internet dish, phone connection, electric hot water, small garden shed, separate holding yard/paddock, bio cycle and fencing in place the property features lots of extras that come as a bonus to the property for the new owner.
With very realistic expectations, the vendors have requested a quick sale and have placed an eyebrow-raising price on the property. So if you are looking to get started, get investing or get building we suggest you get moving and contact the agent today to ensure you don't miss this rare opportunity to buy this years bargain of the year!!
