Description
Positioned just a short walk away from the CBD, hospital and university, this property is in a high-demand location that appeals to both students and young professionals.
Nicely configured to suit most groups, the flat offers five large bedrooms (all with wardrobes), two bathrooms, a generous communal living space and a sunny private courtyard. The covered carport adds further appeal in an area where parking is at a premium.
Already rented for 2027, income has steadily increased in recent times with minimal upgrades.
Rental History
2022 - $715 p/w
2023 - $775 p/w
2024 - $840 p/w
2025 - $855 p/w
2026 - $925 p/w (51-week agreement)
2027 - $1015 p/w (51-week agreement)
At only $203 per room for 2027, the property still sits well within the affordability range for students and young professionals - meaning further increases are achievable without any renovations. A cosmetic upgrade and double glazing would certainly speed up growth.
There is a lot to like about this property including:
• Very Desirable Location
• Consistent Rent Growth
• Low Maintenance
• Immediate Upside
So, whether you're adding to an existing portfolio or looking for a reliable first investment, this is a great opportunity to secure a property that already performs - with room to perform even better.
Link to 3D Walkthrough below:
https://my.matterport.com/show/?m=1k5mCiVqui9
