Well that is definitely NOT how this property can be best described. You are going to have to bring your DIY skills, a budget and some vision for this one. All I know is that you are getting an absolute bargain here. It has, until recently been tenanted for $395 per week in it's current condition and is located in a high rental demand area. You may just need to do some cosmetic work to make sure that you are renting out a suitable property and reap the investment rewards on this unit.

Let's be honest, where else can you get a stand alone 2 bed, 1 bath, 1 lock up garage with extra off street parking at this price? It has it's own garden, no body corporate fees, close to shops and public transport, and it's in a great location with Middlemore hospital just down the road.
This one needs to be considered as an addition to your portfolio.

Traders and speculators also have an amazing opportunity here to value add and buck the trend of a flat market. There is definitely room to be making capital gains with this one.

You are never going to know reading this online. Come on into the open homes or arrange a private viewing. Yes it's rough, but there again, all the really good ones are.