Investment Properties
VIC - Under $100k in Future Growth Area
This is a great little property in a poised for growth Victorian town.
This 3 bedroom home has good heating, and is situated in a prominent part of town & a short walk to the main shopping centre.
It features side lane access to the back yard, rainwater tank with pump, & good shedding externally. Internally, it comprises original, yet good size kitchen, small laundry at the back of the house, and original bathroom.
When the current owner leaves you will need to replace the passage, lounge and bedrooms with floor coverings, either polish the boards or carpet. Besides that, the property is in good condition.
The current owners are also looking at renting the property back on settlement for several months, so you can have a tenant straight away!
With the tidy up of floor coverings, market rent for this property is $150-160/wk.
 Buy & Hold
 Growth
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| Purchase Price: | $78,000 |
|---|---|
| Possible Price: | $75,000 |
| Gross Weekly Rental: | $150-160/wk appraised |
| Council Rates: | $1,000 pa approx |
| Management Fees : | 9.9% |
| Gross Return: | 9.6% on asking/after work 11.1% |
| Population: | 3,500 |
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