This is not a misprint! This fully renovated and very large family is not only fully renovated and absolutely loaded with extras but it is currently fully rented out to four (4) individual tenants all with their own leases in place paying a combined $530.00 per week. That is an unbelievable 6.9% return and it is available for you to buy today!
The current owners purchased the home and then undertook major renovations of the home over a three year period including opening up the front vernadahs and restoring the original charm of the home. They also added a huge rear deck with a flyover roof that overlooks the fully fenced 774m2 block.
Internally they completely reconfigured the internal layout giving the home four bedrooms which are all individually able to be locked off from the rest of the home and three of which have direct external access from verandas. The main and largest bedroom is at the rear of the home and the owners very cleverly added an ensuite bathroom to this room.
The main bathroom also underwent a stylish renovation and a large brand new designer look kitchen complete with a dishwasher and new flooring were added to the home.
The final product is now a very large and stylish property that is the home to four (4) individual tenants who all happily co-exist and pay a combined and whopping $530 per week.
The beauty of this concept is that the home is currently fully tenanted with one tenant on a periodic lease and the remaining three of the four tenants currently on fixed term leases that individually expire in January, April and July 2018. This means that there is minimal risk you will ever have a completely empty home and you also have the ability to individually rent the rooms as they become available.
This large and feature packed family home represents and amazing opportunity to yield an incredible return with next to no risk!
The home is located in ever popular Ebbw Vale so of course you have access to all the amenities associated with this suburb. This includes the ability to easily walk to the Ebbw Vale Electric Train Station – perfect for those working in Brisbane. It is also a short drive to Booval Fair Shopping Centre or Redbank Plaza Shopping Centre. The kids can easily access local primary and secondary schools including St Peter Claver College at Dinmore. You have easy highway access to Brisbane and Toowoomba and there is a multitude of sporting and entertainment venues right at your doorstep.
If you want a modern and fully renovated investment home with nothing to do and that is located in an exceptionally handy position with an incredible return then you must inspect this spectacular family home before it is gone!
Most importantly, this home has one final and compelling argument for not suffering through more tiny and poorly presented homes, it has been priced to sell quickly at only $399,000.
Listing Agent: Steve Athanates
Don't be disappointed, call me now - I'm waiting for your call.
NGU Real Estate Ipswich - Results speak louder than words.
With offices at Brassall, Ripley Valley and Karalee.
2 Railway Street, Ebbw Vale, Queensland, 4304, Australia