This tempting property will appeal to anyone who simply hates renovating. The unit is currently being rented for $370 per week expiring November 2019 so any investor should seriously consider this investment as a worthy addition to their portfolio. That's a return of 6.11% (gross).
The upgrade was done approximately 4 years ago and then included new kitchen, new bathroom, new carpet and new interior painting, making this apartment a pleasure to return to after a hard day at work.
This property will appeal to many.
Occupying an excellent Mount Nelson location where city meets country, the nearby Southern Outlet allows you to travel by car to the CBD in under 10 minutes even though you are on the fringe of suburban Hobart in a semi bush-land setting. Just move in and enjoy being close to public transport, convenience store, doctor, schools and the University.
The colours chosen for the interior are fresh, innovative and in keeping with today's trends. The new owner will have the advantage of not having to modernise for a long, long time. And if you are parents wanting to send your child or children to University, why pay dead money as rent? Allow them to live here and you can watch your capital investment grow with time.
Offering 2 good sized bedrooms (both with built in wardrobes) and open plan living with a Daikin reverse cycle split system air conditioner, the property also benefits from a small balcony at the front where it is only a couple of steps from the kitchen, making for al fresco relaxing on our warmer summer evenings.
For anyone who loves the native charm of Mount Nelson, doesn't want to pay a fortune and keen to have a home to unwind in rather than work on, or reap the benefits and invest in their future, then this rejuvenated property is well worth purchasing.
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