This amazing property was settled in December 2020. It is located next to Shopping Centre in the middle of the regional CBD. It has a land size of 904 sqm which has the potential to build a granny flat which can increase the value of the property and cashflow.
The client has also an option in the future to demolish the existing house and build 3 townhouses.
With the purchase price of $262,500 and $275 rent per week, this property has already shown 15% capital growth in the last 4 months.
One can’t go wrong by buying these kinds of properties in high capital growth locations with pieces of land and positive cashflow from day one.