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10% Yield

April 24th, 2009

10% Rental Yield & Under 100k

* Purchase Price $99500 including finders fee
* Rental $180 to $200
* Rates $1078
* Available now!

Description
This property is a character weatherboard home with three good sized bedrooms. A north facing lounge with good heating and the possibility of a second living room or extra bedroom.

Combine this with a double garage and workshop, and two extra out buildings and you have a very desirable property.

Rental has been assessed at $180 to $200 per week representing a 10% rental yield. The owner would like to stay on as a tenant.

A large 738 m2 section lends itself to further development in the future subject to council approval.

The Property would also lend itself to a light renovation, ideal for the handyman or good project manager (the rental assessment is based on the properties current condition which makes it a great buy and hold rental).

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