This home was relocated to its current location four years ago. As part of the relocation the home was upgraded and renovated. Old fibro sheeting was removed from external walls and eaves and reclad. The plumbing was renewed and the house has also been fully insulated in walls, ceiling and under floor. A new instantaneous gas hot water system and a 7.5kw split system air conditioner was installed.
Since then the current owners have fully renovated the kitchen; a powered colour bond shed (4×12) has been approved and constructed and the roof painted and re pointed. The back room in the shed is fully insulated and also has a 2.5kw split system. Drive through access to the backyard is through the double gates at the side of the home.
Investors will appreciate:
+ substantial depreciation allowances
+ currently leased at $280 per week.
+ strong yield – positive cash flow
This sound investment property is one of the best available at this price level.