This property was secured off market for $439,500. Desktop valuation at time of purchase was $505,000, making $65,500 equity in day 1.
This property is a 3 bedroom, 1 bathroom, 1 garage property situated on a 726m2 block. Weekly rental appraisal at $450 per week making this a 5.32% gross rental yield. Purchasers will complete a cosmetic renovation (paint and carpets) to create equity and increase the yield.