With a reduced purchase price and new tenants in place paying $300/week rent, investors can evaluate this is a sound investment. Simply deduct costs such as council rates from the annual rent and divide this by the purchase price, to calculate you can positively gear this property or reinvest the excess income to further improve the property.
This solid 3 bedroom, brick and tile home, is within walking distance to all amenities including;
andbull; 300m to the medical centre
andbull; 500m to the primary school
andbull; 500m the indoor sports and aquatic centre
andbull; 500m to ALDI, McDonalds and Caltex
andbull; 600m to two large shopping complexes
andbull; 800m to the sports club and fields
andbull; 1,000m to the high school
andbull; The local tavern is a flat 1,300m walk away for those wanting dinner and a few drinks
andbull; Otherwise public transport at the doorstep for trips further afield
Positioned on the popular Northern Ridge, the home is cut into the hill under road height to create a natural sound buffer from Ballina Road but yet still in an elevated position to capture the northerly summer breeze. The rear deck leads down to the large terraced yard which is fenced and ready for children and animals.
The partially enclosed underside of the home offers a range of options from wet weather drying space, storage and greenhouse as is, through to additional rooms and/or workshop.
Good size bedrooms, all with views and built in robes. The bathroom is in great condition with both a shower and full size bath. Separate toilet. Internal access from the garage into the living areas.
The property has been well maintained and improved with the addition of insulation, a powered roller door, and new blinds and painted internally over the past two years.
Call Byron today to arrange an inspection as the current vendors are committed to selling this property and now have reduced the price to well below cost for a quick sale.