$30k undervalued property – 5.6% Yield – $465,000

NSW,

January 7, 2025

Property Description
For Existing $465,000

Good news. I have personally sourced a new opportunity for you direct from the owners. No selling agents involved or selling agent commissions!

An interesting point about this property. Bank valuers have earmarked the property as $20,000 undermarket — It should be $485,000 according to the major lenders.

In reality, and according to the market, it’s more likely to be valued at $30,000 under-market.

With a 5.6% yield, and a sub 2km drive to the  Beach, it’s a rare opportunity indeed.

Property Details

  • Address: South of Perth
  • Vacant possession: NO – existing tenant in place who has another 11 months to run on a lease
  • Rental: $500 Per Week
  • Rental Yield: 6%
  • Price: $465,000
  • Type: 4 Bedroom / 2 Bathroom / 2 Car Park
  • Land Area: 407 SQM
  • Built: 2014 approx

  • Type

    Town House
  • Build

    2014 approx
  • Size

    407 m²
  • Lot Size

    NA
Additional Features
  • Rental$500 Per Week
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