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This is a great home for a home owner or investor!
** See Realestate.com.au HOME LOAN CALCULATOR - $1,467/month
estimated repayment ** obviously conditions apply and everyone is different but at that estimated repayment amount owning this home and paying a mortgage would be cheaper than rent today.
This home would rent for a minimum of $450 per week in the current rental market which would give a minimum of 6.4% return (***conditions apply - seek advice from your financial advisor) to an investor when offset against the asking price of this property. That's definitely better than keeping your money in the bank!
Alternatively for a home owner there is nothing else needing to be done at this home. You can simply bring your belongings and move in and enjoy it from day 1!
Leichhardt Drive is a lovely family friendly street. Over the past few years many home-owners have moved in purchasing pre-loved investment homes and making them their own. This is happening even more now with the Reserve Bank keeping interest rates at record lows making it cheaper for home buyers to pay off a mortgage than to pay rent in many cases.
With the critical shortage of rental properties in our region getting worse as more investors decide to sell up and get out of the rental market leaving less properties to rent, more tenants are looking to buy. It is almost a necessity now for tenants to get out of the rental market and buy a home basically to ensure they will have a home rather than face the staunch competition for the limited amount of rental homes and meeting those same 20 to 30 or more people hunting for the same home at each open home inspection. Add to that those tenants prepared to pay 6 to 12 months rent in advance to secure a rental property and the “exodus to affordable lifestyle” market, the competition is fierce. This pressure on rental properties will probably last for at least another 12 to 18 months and will get worse before it gets better. One thing that take the pressure off the rental market is for investors to come back and builders to build more rental properties to replace all the existing rental properties being by investors to home owners. Like this one!
Built in 2013 as a purpose built investment home – this home has had only 1 tenant. You would be forgiven for thinking the tenant was the home owner as they looked after it as if it were their own.
The home is fully fenced in the back and the front. Pool fencing surrounds the front yard and the established hedging. The hedging creates privacy and individuality to a home that otherwise is quite similar to every other home in the street. Yes, the homes in this street are all very similar but some have been loved more than others. This home is in as good condition today as it was when it was built back in 2013. It’s just more established so it’s actually better.
There are established gardens and 2 empty garden boxes for vegetables or herbs. The lawns were looked after and have been well maintained.
In the back yard there is a concrete slab with an old tin garden shed on it. This shed does not have council approval. An owner can choose to keep it or get rid of it. Or the shed can be removed prior to settlement by the owner who is just really giving the option to a buyer to decide if they would keep it or not.
In the back yard there is also a concrete slab which has pool fencing around it which was used for the previous tenants' children's portable swimming pool. There are a number of things this space could be used for other than for a children's portable swimming pool - just use your imagination and consider it as a bonus lockable hard floored fenced space.
DUCTED AIRCON - This home has ducted aircon throughout. The aircon is zoned enabling you to turn on and off the ducted aircon to 3 of the bedrooms when it is operating. The ducted aircon cools and heats.
The home has 4 bedrooms. Master bedroom has a walk-through robe and ensuite. Ensuite has toilet, shower and single vanity.
The 3 remaining bedrooms have built-in robes.
All bedrooms have ceiling fans, carpet, fly screens and vertical blinds.
The master bathroom has a full sized bath, shower and single vanity.
The main toilet is separate.
The kitchen opens to the large open plan combined dining/living space which is fully tiled. This dining/living space opens out to the alfresco entertaining area outside.
The dining/living space will easily accommodate an 8 seater dining suite and a lounge chair and tv or a desk to be used as a combined dining/office space. This area is fully tiled.
The kitchen is a good size with plenty of cupboard space and a pantry. It has a dishwasher, under bench oven, ceramic cooktop and range-hood. They are all Westinghouse appliances. It has a 1-1/2 sized double stainless steel sink with flick mixer tap.
The lounge room is carpeted and has a ceiling fan. It has plenty of room for your big lounge suite, your big tv and your big coffee table perfect for a media room.
The home has security screens to the front door, garage door and sliding door leading out to the alfresco. All the windows have fly screens.
There is a separate laundry with washtub which you walk through to the double lock up garage with remote control panel lift garage doors.
We will be conducting open home inspections for this property and will advertise the days and times each week.
If you would like any additional information please don’t hesitate to call 0402486603 or email [email protected].
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