SCARBOROUGH – House Dual Income
Purpose of Purchase: Investment
Property Type: Two by two bedroom homes situated on one title. Walking distance to the waterfront, beaches and cafes. Both homes are semi renovated internally so tenant ready.
Purchase Price: $590,000
Yield & Rental Info: Quality tenants were secured for both homes and with a combined rental of $630 per w/k ($300+$330) is returning a yield of just over 5.5% on purchase price. A moderate annualised growth of 3% has made this client a very happy client.
- Client returning overseas for a few years- was after a growth suburb with good rental income
- This was PRE MARKET offering from a sales agency VIP list
- Good growth suburb and rental from two properties
This was bought PRE MARKET for an interstate investor who was returning overseas for a few years. They asked for a low key investment with good returns.
This property consists of 2 x 2 bedroom small homes, both in good condition.
We had a second water meter installed along with a second electricity usage meter to rear flat so they are both now individually measured and invoiced.
The property is situated within 350mts walk to the waterfront with some of the peninsulas best beaches. The local cafes/shops and schools are also within a short walk.