A good investment is one with solid returns Vs purchase price. A great investment is one where you would be happy to live there yourself. This property is no exception. This townhouse has been given a new lease on life with beautiful tiles throughout and a fresh coat of paint. Both bedrooms are of good size and the entire property is maintenance free. There is a spacious size outdoor area and the entire complex is neat and tidy.
The unit has approx. 100m2 of floor space and currently rented for $260pw. The body corporate is very low at approx. $1200pa, plus the Tenant takes very good care of the property and looks forward to staying on for the future.
Capital growth in the area is on the rise with property prices set to exceed the levels of 2008/2009. This same townhouse would have achieved a sale price of $265,000 which demonstrates a future growth of at least $40,000 in the short term.