Investment Properties
NSW- Cheap buy for the area
All the cheapies have sold and the cheapies have been nothing to write home about and by that I mean they have all needed work, some even demolishing or they are not in great areas. We have been able to secure this cheapie at a low price, in a great area and the house needs no work. You can however add value in the future with some minor renovations and updates. The best part is that houses in this street have sold for $150,0000, leaving heaps of room for improvement and it is also $20,000-$30,000 below the average house price that is currently for sale now.
We have had this under offer and has fallen over because if finance.
The sale is also a deceased estate and they have wanted the sale to be quick which explains it’s listing price.
As a neutrally geared investment you should be buying with some equity or create equity quickly.
This owner built cottage overlooks the Park. This light and airy home features three good size bedrooms. Open plan lounge, kitchen, dining room with reverse cycle air conditioning. Bathroom with, bath, separate toilet. Internal laundry. Double carport. Double shed with concrete floor. Open bay shed at the rear of the shed. Very well priced.
 Buy & Hold
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| Gross Weekly Rental: | $160pw |
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| Purchase Price: | 98,000 |
| Population: | 5,500 |
| Gross Return: | 8.6% |
| Management Fees : | 8.8% |
| Management Fees : | 8. |
| Council Rates: | $1,200pa approx |
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