BIG rental. New rental appraisal is$1320 to $1400. Two beautiful houses(4bdrm+ 2bdrm),1 title, legal home income.
BIG 4.29% rental return! (In this area, average return is 3.35%). Loan repay never be so easy! To live in 1 house and rent out the other, can support loan of $900K or support loan of $1.19Million.(Estimate at current rate).
Willow Park Primary school (Decile 9). Both houses sit back from road, fully fenced, convenient to all facilities and CBD.
850sqm land holds solid value! Mixed suburban.
2 houses have SEPARATE power and water meters. (In aerial photo, two houses seem connected - roofs only overlap. Actually houses are not attached).
Front house has about 230sqm floor area, 4 bedrooms, 2 bathrooms (includes 1 ensuite), 2 lounges, 2 parkings and double garage. Back house has 2 bedrooms,about 80sqm floor and 4 parkings. Both have modern kitchens and bathrooms.Both houses are highly positioned with beautiful views.
Factual figures: CV $1.25Million (year 2017), and is far lower than actual, because council missed out recording the value of the bigger house. On council’s website, the value of improvements (buildings) is $240,000, which is, actually, the value only, of the back house. Valuer’s valuation as at August 2017 was $1.325M.But I got it at a below-market price due to previous vendor’s situation of having to go resthome. This information is to clarify some possibly- misguiding figures.
Many good choices for you: Enjoy BIG rentals and capital growth, or explore the potential of land, or renovate it to make this property more beautiful.
Available: Title, LIM (new)，New rental appraisal, floor plan,valuation (yr 2017), nearby comparable sold houses.
Back house has good tenants fixed till July 2020 but can be flexible as per new owner’s request. Furniture and landscapes may differ from photos.
$1,598,600, Negotiable. Your Smart buy:2houses 1 price! Astute you will not want to miss out on this BIG opportunity!
Contact 0210792016(Please mention”Coronation sell”).