Affordable investment

5/471 Cashel Street, Linwood

By Negotiation

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Affordable investment | 5/471 Cashel Street, Linwood | 5513352 |      X Close

Affordable investment

For Sale - Price by Negotiation

This two bedroom townhouse is tenanted at $290 per week on a fixed-term tenancy till August 2021. With 70sqm of floor area, solid 1970s build, private outdoor space and potential to upgrade and add value investors will see potential here at an affordable price.

The townhouse has two good sized bedrooms upstairs with a bathroom and separate toilet, the living and kitchen area downstairs which leads to a large private courtyard. The potential is in the opportunity to refurbish the townhouse with a new kitchen, bathroom and decor giving it a modern apartment feel, allowing you to reap the rewards of the potentially increased rental and equity.

Market rental for the area for two bedrooms flats ranges from $280 to $320 per week and apartments $310 to $350 per week (sourced from tenancy services website).

Sited on TC2, medium density land with a crossed leased title with a share in 947sqm of land. With a rateable valuation of $215,000.

We have two units available being unit 4 and 5, the vendor is happy to sell both together or independently and looks forward to seeing a new investor get started on the property ladder.

Please contact Angela Webb for more information or to arrange a viewing.

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5/471 Cashel Street, Linwood

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