31 Clare St may not be the prettiest house on the block but unlike the majority of residential properties being bought by investors, this property does have the potential to provide its owners with a real and attractive rate of return.
An approximately 200m2 structure divided into two x 1 bedroom flats and one x 2 bedroom, close to schools, shops and sports grounds. 1 bedroom flat rental is currently $195 per week each, and the 2 bedroom has achieved $245 per week prior to commencing it's freshen up.
This would be an ideal situation for a buyer to live in one flat and enjoy the income, while being able to keep an eye on maintenance and management issues as they arise. There is work to complete in the 2 bedroom flat, but we believe this to be a great opportunity for an investor who may have thought the present market had left them behind.
Roll up your sleeves and give Alan a call...