Investment Properties
SA - Make an Offer!
3 bedrooms, all very big. Bathroom/toilet but next to the master bedroom is an ensuite with the plumbing done, nothing else.
Big kitchen, dining area very large lounge room.
Fully furnished as is.
1 evap air con into the lounge, 2 r/c refrige wall air cons. Large fenced block. Back verandah and lockable shed.
The outside and the inside both just need a general tidy up that should cost no more than $500.
The vendor wanted to list at $100,000 and our agent told him he was dreaming so he has said “just bring me offers then”
The area is average, however far from the worst.
 Buy & Hold
 Growth
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| Purchase Price: | $100,000 |
|---|---|
| Possible Price: | $65,000 |
| Gross Weekly Rental: | $130-140 |
| Council Rates: | $1,800 pa approx |
| Management Fees : | 10% + GST |
| Gross Return: | 10.4% on $65,000 |
| Population: | 3,500 |
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