Frankston North has gown by 36.97%. Yes 36.97% In the last 12 months* And it is still THE cheapest suburb I know where you can buy a good quality Brick & Tile home with timber floors on a large block, just 10 minutes to Melbourne best beaches, for around half a million bucks. Madness!
This home was recently tenanted for the last 5 years to one tenant. Now the owner is offering it with vacant possession. Our property manager appraised if for rent at approximately $300 per week. Your yield would be 3.12%, so rent will pretty much cover the loan. Block size is 584m2 with a large backyard of approximately 300m2 which would suit development subject to council approval (S.T.C.A.). In fact there is a subdivision just 3 doors down.(Number 141)
The home features Large 3 bedrooms & has recently been updated with ... - New carpet - Freshly pained - New panel wall heaters - New vanity and tiles in the bathroom Further - Large updated kitchen - Like new electric wall oven & gas cook top - 2 Air conditioners So hurry... a property like this is a no brainer - a set and forget investment on a large block of land with development potential (S.T.C.A.) in a growth area. Call Bryce Houston and come to the next open inspection ready to act now! * Statistics are calculated over a rolling 12 month period - source CoreLogic / RPData.