Nest or Invest

For Sale By Negotiation Over $179,000 This home has two bedrooms and a sunroom which can be used as a third bedroom. There is also a conservatory for relaxing time out. There is an open plan kitchen and dining area with a large living room which has a heat pump. The Large back yard is suitable for children and pets. The single garage is lockable. Currently rented at $250pw with a fixed term lease until 21 January 2012. This equates to a rental yield of 7.2% based on a 52 week basis rental income and a puchase price of $180,000. Average rents for The surrounding area for a 3 bedroom house are $297per week. with a lower quartile of $280 & an upper quartile of $310per week. We believe that once EQC works have been completed on this property the rent should revert to the market average.