16 Peak Street, Drummond Cove
INVEST, INVEST, INVEST! House - Property ID: 547476
6 years old, great location, but wait for the best bit- this property comes with a GROH (formerly GEHA) lease that the ink is barely dry on for the next 3 YEARS, with annual market reviews.
So let me do the sums for you! $430 per week equates to $22,000 per year, the list price is $429,000 that is 5% plus gross return on the cheapest 4 x 2 in Drummonds a suburb that is rated very highly by all and sundry.
Add to this a healthy depreciation schedule due to the young age of the home and the fact that you will collect the rent every week regardless of their being a tenant in place, that's the beauty of GROH leases.
Investment is all about risk against return and I think this one would stack up with the best of them, do your homework and check what properties are selling for in this area and then give me a call to inspect.
4 Bedroom 2 Bathrooms
Double lock up garage
Brick and tile construction
Close to beach
- Built-In Wardrobes