An Affordable Opportunity Not to Be Missed

Located just 12 kilometres from the CBD and a world away from the bustle of the city. Leafy Upper Kedron is a desirable green belt community. Properties here are consistently under supplied to the market making this suburb a desirable prospect for future capital growth.

Completed in 2015 and offering an open plan design plus 3 double bedrooms on a fully fenced 468m2 lot, the home provides all you need for comfortable living. The air conditioned master bedroom includes an attractive ensuite and a separate walk in robe. A well equipped kitchen and air conditioned family living area makes up the central heart of the home which opens on to a rear covered patio and private back yard. Buy with great tenants in place or vacant at settlement so you can move right in to start living here. Make contact to arrange your viewing today.

Investors please note:

This property currently participates in the National Rental Affordability Scheme (NRAS) providing the tenants a reduced weekly rent and the owner/investor with lucrative government subsidies to create a higher annual rental yield for a fixed period of years (current gross return: $30,124 per year). I’d welcome the opportunity to provide further information on the scheme to interested buyers.

At a glance:

- Under 6 years old, open plan living & rear covered patio
- 3 large bedrooms inc built-in robes, master with ensuite and WIR
- Stone bench tops in kitchen, S/S appliances & dishwasher
- Ceiling fans throughout, air con living & master bedroom
- Front & back security screen door, fly screens & window coverings
- Remote controlled garage with internal laundry
- 468m2 fully fenced lot, surrounded by attractive modern homes
- Local schools close by & only 4km’s to Ferny Grove Train Station

NRAS financial opportunity:

- Market rent: $485 p/w (less 25.01% to approved NRAS tenants)
- 4.5 years of NRAS subsidies = $11,270 + CPI p/a (exp: 11/05/2025)
- NRAS rental $363 p/w = $18,876 p/y
- Gross annual income = $30,146
- Property management fees -$3,746
- Council rates -$2000 (approx.)
- Total Net annual income estimate: $24,400
- Approx. 4.5% net return on investment

Disclaimer:

The figures provided above are indicative only and are not guaranteed. They are based on certain assumptions made about the future, which may or may not be correct. For example, rental vacancies or non-compliance with the regulations of the National Rental Affordability Scheme (NRAS) could change the outcome. The figures do not constitute financial advice and HERS Property is not licensed or qualified to provide financial advice. Do not rely solely on these figures to make a decision about the purchase of the property. We strongly encourage you to seek formal advice from a licensed financial adviser, legal or tax adviser before purchasing a property. HERS Property is not liable for any consequences resulting from your reliance on these figures.


Disclaimer:
The figures provided above are indicative only and are not guaranteed. They are based on certain assumptions made about the future, which may or may not be correct. For example, rental vacancies or non-compliance with the regulations of the National Rental Affordability Scheme (NRAS) could change the outcome. The figures do not constitute financial advice and HERS Property is not licensed or qualified to provide financial advice. Do not rely solely on these figures to make a decision about the purchase of the property. We strongly encourage you to seek formal advice from a licensed financial adviser, legal or tax adviser before purchasing a property. HERS Property is not liable for any consequences resulting from your reliance on these figures.