Raine & Horne has listed this truly once in a lifetime investment opportunity, located close to shops, schools, transport and the Fairfield CBD these properties are perfectly positioned to take advantage of the future growth Fairfield will see in the coming years.
2 houses being sold in online, the properties sit on approximately 696m each of land giving you a total area of 1,392m with a frontage over 30m.
Each home consists of 3 × 1 bedroom units, each with their own kitchenette and bathroom facilities.
In total you have 6 × 1 bedroom units across the 2 properties and all have been leased to long term tenants at $250 per week, totalling $78,000 per annum.
The strong rental return and future growth of Fairfield makes this one the best investment opportunities on the market.
The homes are positioned to allow the addition of new granny flats (STCA) making it an even stronger investment long term.
There are also other development options such as duplexes, child care centre and even an over 55’s development (STCA)
This would make the ideal investment or potential purchase in your Self Managed Super Fund!
|R&H Suburb Summary||Houses|
|Number of sales||88|
|Median Rental Price||$460 p.w.|
|Change in Rental Rate (5yr)||10 %|
|R&H Suburb Summary||Units|
|Number of sales||97|
|Median Rental Price||$370 p.w.|
|Change in Rental Rate (5yr)||6 %|