This Income Positive Investment or budget priced first home is currently leased & earning an Income of $250.00 per week. It’s located in the direction of the Orange Regional Hospital, Leewood Employment Precinct & the Cadia Mine. It comprises a separate living room at the front of the home, complete with gas bayonet for the gas heater & a separate meals area & adjoining updated kitchen with electric stove & rangehood. The 3 bedrooms are all good sized. The bathroom is complete with a shower over the bathtub, vanity & toilet. The laundry is separate & has external access to the rear yard. It has motor vehicle access to the fully fenced rear yard via the carport at the side of the home. For the car enthusiast, there is extra garaging in the rear yard, including a double lock-up garage & a single lock-up garage with workshop & power connected to this shed only. So in total, there are 4 undercover or secure car spaces, including the carport. For the Investor, you would also have the opportunity to update the home & increase the Weekly Rental Income.
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|R&H Suburb Summary||Houses|
|Number of sales||882|
|Median Rental Price||$380 p.w.|
|Change in Rental Rate (5yr)||12 %|
|R&H Suburb Summary||Units|
|Number of sales||83|
|Median Rental Price||$295 p.w.|
|Change in Rental Rate (5yr)||18 %|