Listing Number:  1282
Posting Date:  13 November 2008

Listing:10.4% YIELD IN HUNTLY AND UNDER $100K!!
Site Area:54 m2
Address: Login
Building Area:767 m2
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10.4% Rental return on a 2 bedroom home on a full site in Huntly!

This deal will move fast, so those interested please contact me asap. This is a near-new (about 18 months old) versatile home in very good condition on a 767m2 site. Its vacant at the moment and has been for a few months as the owner has long gone. It can be rented for $180/wk and the purchase price is only $90,000 (plus assignment fee)!!

The grounds are overgrown and need a decent tidy-up, and the interior needs a good clean and carpets shampooed, but apart from that its ready to rent as it is now!

The home is small, its only 54m2 and consists of a double and a single bedroom, however the rental appraisal done this morning assessed the property at $180/wk. This could possibly be increased if the tenants wanted to use the big shed out the back as a sleepout option.

The current owner purchased this property for $169,000 in February of this year and is now desperate to sell it. The property next door to this one was purchased in July last year for $220,000 (number 30). The neighbours on the other side (number 34) purchased their home in February of this year for $230,000. So this is exceptional buying at $90,000!!!

Purchase Price: $90,000 plus assignment fee
Deposit: $5,000

Please contact me asap on 021 2880119 for more info.