YES, the market has ebbs and flows, however time tells the story that investing in real estate seems to be one of the surest ways to build wealth. Our need for affordable housing continues to rise for all demographics, making units standout investments in the 2460 marketplace.
The units at 213-217 Prince Street, Grafton have been evolving over the last decade. The façade has lifted, many units have taken renovation and as a result the value and rental returns have increased.
Unit 17 is in lease until the 16th of January 2026, returning $260pw opening up to the investor or owner-occupier. The solid brick construction is resilient. This unit has no passing pedestrians being positioned on the Eastern end of the top floor. The 1-bedroom unit is light filled with southerly views over Grafton's CBD. The kitchen is functional, the bathroom ample, and units of this design within the complex popular with workers converting the living area to a bedroom for twin share.
Current rental income is $13,520 per annum (before management fees are deducted).
Strata Fees are approximately $4,309.52 per annum ($3,809.52 admin fund and $500 capital works)
Council rates are approximately. $2210.00 per annum.
Historically these units sell fast and are often purchased sight unseen, or by existing holders in the complex. Be sure to make your intentions clear ASAP by contacting Kylie Swift via kylie@virtueproperty.com.au or 0488 161 621.
DISCLAIMER: Whilst a high duty of care has been exercised in sourcing all marketing content, we cannot always guarantee its accuracy. We ask that prospective purchasers carry out their own searches and investigations on matters of personal or professional interest.
