Calling All Investors!!!
Positive geared property, nothing to do!
Currently rented $810 per week x 52 weeks = $42,120
20% Deposit $145,800
80% at 3.49% interest only loan = $20,354 annual mortgage payments
Strata, W&S, Rates, Land Tax, Agent Letting Fees (all tax deductible) = $12,556
Stamp Duty in ACT is tax deductible
$42,120 Annual Income
$32,900 Annual Costs
$9,220 Net Return plus tax deductions
Canberra market growth is steady compared to Sydney and Melbourne and the rental market has low vacancy rates.
Most properties tick a couple of boxes, but still leave buyers wanting more. Rarely, will a house come along that satisfies all of your needs. Part of a boutique development of just 9 Townhouses, ideally located in the sought after suburb of Turner. A short walk to the light rail stop on Northbourne Avenue, and only two blocks away from the heart of Lonsdale Street- it's the perfect location!
This magnificent 3 bedroom, 3 bathroom townhouse is a must see, boasting a great northerly aspect to the spacious living areas and the main bedroom, making it a rare find in the current marketplace. (option available to include furniture).
With around 115m2 of living space situated over two levels, the sun drenched living areas, stylish modern kitchen plus one of the bedrooms and a bathroom are located on the ground floor. The other 2 bedrooms have their own ensuite bathroom are situated upstairs. Complete with wooden flooring throughout the spacious living areas, which open via large sliding doors onto a beautifully landscaped courtyard, perfect for outdoor dining and entertaining.
The property boasts a fabulous stylish open plan kitchen with granite bench tops, splash backs, dishwasher, microwave, Blanco oven and stove top with plenty of storage.
The three bedrooms are all segregated and can all easily accommodate queen sized beds and all offer built-in robes with the main bedroom opening onto a 10m2 balcony which overlooks the courtyard on the lower level. All 3 bathrooms boast custom made vanity units and quality fixtures and fittings throughout.
There is also two basement car parks (one fully enclosed) and an additional lock up storage, plus visitor parking.
Whether it's your first home or the final step in your property journey, this charm filled townhouse in Turner, is the perfect opportunity to take that next step. Currently tenanted with an excellent rental return of $810pw, this property will not be on the market for long.
Close to Transport
Close to Shops
Close to Schools