We secured this property completely off market at $500,000 and we were the only Buyer’s Agent that had access to this property. The property is on a massive 844m2 block, and based on council guidelines have subdivision potential and can build two duplexes on the property.
This property was built in 2010 and is a 5 bedroom, 2 bathroom 2 garage property. This property has a long term tenant in place with the rental appraisal at $520 a week making it a gross yield of 5.40%.
The property directly next door recently sold for $591,000, making massive money on the way into this deal.
This property is primed for capital growth and rental income growth.