Sold for $139,000
Dare To Be Invested
Typical of ex Housing Commission homes, this one needs some TLC which makes it ideal for the disciplined investor. Close to all amenities, Schools, Stockland Wendouree, and Wendouree Train Station.
This is available with vacant possession, has a rental appraisal at $160/170pw and has ample opportunity for some elbow grease action and some imagination to add real capital growth.
The 3 bedroom home scrubbed up and polished will be a great addition to your portfolio, or for the first time investor or owner occupier the cheapest entry point you will find into Real Estate.
Gas heating and cooking, 1 Bathroom, internal Laundry and pretty sound underfoot.
median house price420000
median house rent280
suburb rental yield3.5%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.