481 SQM- LOW SET HOME, OUTSTANDING LOCATION, CBD WITH MANY OPTIONS- INVESTOR, RENOVATOR, 1 ST HOME BUYER=EXPRESSIONS OF INTEREST- $150K
Unlock the potential of this centrally located 481 sqm property, offering a rare chance to invest in the heart of Innisfail's CBD. Situated just behind Kmart, this property is ideal for investors, renovators, or first-home buyers seeking a strategic foothold in a rapidly growing market.
Key Features:
• Versatile Layout: Currently a 1-bedroom home with front sunrooms, providing effortless scope to convert into a 3-bedroom residence.
• Historic Charm: Features corrugated iron roofing and both external and internal walls, reflecting the area's architectural heritage.
• Outdoor Potential: The yard is a blank canvas, offering ample space for additions such as a large shed or outdoor entertainment area.
• Utilities: Connected to mains water, power, and sewerage.
Financial Highlights:
• Purchase Price: $150,000
• Rental Potential: Post-renovation, estimated rental income is $300 per week.
• Annual Outgoings:
o Council Rates: $4,200i
o Insurance: $2,500
• Mortgage Estimate: With a 10% deposit, the property is positively geared over a 30-year term.
Market Insights:
Innisfail's property market is experiencing significant growth, with a median house price of $300,000 and an annual capital growth rate of 28.26%. The average rental yield for houses stands at 7.23%, with a median rent of $400 per week.
Don't Miss Out:
Properties in this prime location are snapped up quickly. Seize this opportunity to secure a valuable asset in Innisfail's thriving CBD. Contact the exclusive agent today to express your interest.
