WAINUI STUNNER - GREAT VALUE!

The instructions from our Vendor are clear, Get it sold!

Due to a change of circumstances, our Vendor is looking to let go of his investment property and allow someone else to step in and take over, or move in for yourself and take advantage of the huge potential this property holds.

Situated on quiet Harlow Grove, a few minutes from Arakura School, this property presents a great opportunity for investor or first home buyer alike.

Built in the 1970's, with solid weatherboard & timber construction, this three bedroom property is spread over 120m2 on a 653m2 section. All three bedrooms are towards the rear of the house with the kitchen and living area at the front. Great views out over the neighbourhood and a decent size private section for the kids to run around.

The garage under the house is large and has plenty of room for a car and storage. The rear of the garage has been dug out to form a gigantic storage space that could potentially be converted in a rumpus room or man-cave.

This property needs work and so the expectations are realistic. There will need to be some time spent on the roof and gutters, paint, kitchen etc but the bones are solid and the reward is there for whoever will undertake this work! The bathroom and laundry have already been brought up to scratch. New insulation has been put in underfloor and the ceiling around 2 years ago.

The tenants have kept the house very tidy and are happy to stay on if they are able. The current rent is $285p/w, this hasn't increased in four years as the owner appreciates the tidy tenants but it could increase to $310-$330 if you bring the house up to scratch. My calculations estimate a 6-7% gross yield here.

Viewing by appointment or open home every other week. This property will go quickly so don't hesitate and miss out, call me to arrange to view today.