Are you looking for an excellent investment opportunity? Then this is the perfect pick for your property portfolio. With a winning combination of a prime position with renovation potential at a bargain buy, you can choose to rent out and reap the rewards or redecorate to create instant wealth.

Set on a large 651sqm allotment, situated conveniently close to many of the best local amenities, you’ll find this sweet solid brick semi. You are just a 10 minute walk from the Elizabeth East primary school and public transport as well as the Elizabeth East IGA for conveniently close shopping. With Elizabeth shopping centre less than 5 minutes drive away and several nearby parks, ovals, this home is in the ideal location.

The home comprises of a separate lounge room as well as a combined updated kitchen and meals area in great condition, all serviced by a reverse cycle split system for your comfort. The 3 bedrooms are found on the right of the home with solid pine timber flooring and vertical blinds for easy allergenic free cleaning. A bathroom with separate toilet, laundry and linen cupboard completes the home.

Outside there is a large patio area for bathing in the sun, single driveway that leads behind a gated back yard for secure parking and an abundance of space. With a great location in a home that is ready to go, it is primed for you to continue the current tenancy for instant income.

The rental return is currently $190 per week with the existing tenant until 18/05/2016. There is a high rental demand for homes in Elizabeth East with approximately 45% of residents renting (dependant on source of information). With current vacancy rates are approximately 1.62% and historically low interest rates, now is your chance to put a little money down to secure a great asset. Call Mike Lao now to inspect!

Want to find out where your property sits within the market? Have one of our experienced agents come out and provide you with a market update on your home or investment! Call Mike Lao now on 0410 390 250.

http://raywhitesalisbury.com.au/sell/property-appraisal/

Specialists in: Andrews Farm, Angle Vale, Blakeview, Burton, Craigmore, Davoren Park, Elizabeth, Gawler, Hillbank, Munno Para West, One Tree Hill, Parafield Gardens, Para Hills, Paralowie, Salisbury, Salisbury East, Salisbury North, Salisbury Plain, Salisbury Park, Salisbury Heights and Smithfield.

Ray White Salisbury, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.

Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions.

Council / City of Playford
Built / 1960
Land / 651sqm (approx)
Internal / 90sqm (approx)
Currently rented at / $200 per week until 18/05/2017