Corner This Beauty

Corner lots give you that feeling of being on a much larger block, this attractive modern home is no exception. Situated in a very appealing neighborhood this fully fenced private home blends great value and opportunity. Purchase as a high yielding NRAS investment with tenants in place or vacant so you can move straight in at settlement.
Completed in 2015 and providing a flexible floor plan with 3 generous bedrooms and a well-appointed kitchen with stones benches, dishwasher and stainless steel appliances. The property features an air conditioned living area and master bedroom while the master also includes an attractive ensuite and a separate walk in robe. Sliding glass doors open from the living room on to a rear covered patio and private back yard. 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. I’d welcome the opportunity to provide further information on the scheme to interested buyers.

At a glance:
- 5.5 years old, open plan living & rear covered patio
- 3 large bedrooms, WIR & ensuite to master bedroom
- Stone bench tops in kitchen, S/S appliances & dishwasher
- Ceiling fans to 2 bedrooms, air con living & master bedroom
- Front & back security screen door, fly screens & window coverings
- Remote controlled garage with internal laundry
- 393m2 fully fenced corner lot, walk to Bounty Blvd State School & park

NRAS financial opportunity:

- Market rent: $420 p/w (less 25.01% to approved NRAS tenants)
- 4.5 years of NRAS subsidies = $11,270 + CPI p/a (exp: 27/04/2025)
- NRAS rental $314 p/w = $16,328 p/y
- Gross annual income = $27,598
- Property management fees -$3,352
- Council rates -$2000 (approx.)
- Total Net annual income estimate: $22,246
- Approx. 4.8% 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.