Investment Properties
Vic- Cheapie with Good Return and Value Adding Potential
This 3 bedroom vinyl clad home has great street appeal and is located in a central position in town close to shops and services, making it a good rental prospect.
The property offers lounge with electric heating and refrigerated R/C air conditioning, as well as spacious kitchen meals area with electric stove and pantry. The hard work has been done in the bathroom with new shower and vanity, and separate bath and toilet. Other features include internal laundry and garage, all situated on a low maintenance compact block.
With an internal paint, the property will rent at between $140-150/wk.
However, there is also opportunity to value add. While the market at the moment will not necessarily allow you to realise the capital of value adding for the next year or so, you would certainly add between $40-50k to the property’s value by adding a back paved entertainment area, along with a new flat pack kitchen and some additional landscaping.
 Buy & Hold
 Development
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| Purchase Price: | $88,000 |
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| Gross Weekly Rental: | $140-150pw appraised |
| Council Rates: | $1,000pa |
| Management Fees : | 10% |
| Gross Return: | 9.8% at $150pw |
| City Population: | 3,100 |
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