Investment Properties
NSW renovator with dollars
This rendered home is in popular Crown Street. Two bedrooms with built-in robes. Open third bedroom or sitting room. Lounge room with french doors opening to back covered verandah. Dining room off original kitchen. Original bathroom with bath, shower vanity and toilet. Internal laundry. Double garage with concrete floor. Spacious yard with side lane access. Minutes walk to schools, parks and sporting fields. This home has heaps of potential.
After a renovation of all the normals, kitchen, bathroom, flooring and paint the house will resale for $225,000 approx. I have looked at what is on the market in the area and this price seemed reasonable.
 Development
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| Purchase Price: | $155,000 |
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| Gross Weekly Rental: | $150-160pw |
| Council Rates: | $1,200pa |
| Management Fees : | 9.9% |
| Gross Return: | 5% |
| Population: | 5,500 |
| Resale of house: | $225,000 |
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