19 Martin Road offers a dual income stream for investors looking for a gross return on investment of 12% per annum (rounded from 11.85% pa); … and that’s on the full asking price.
 
The front house is a three bedroom property currently rented at $245 per week. No rent increase has been made since the tenancy commenced, and based on the local rental market it may be that the current return is slightly below current market rates.
 
At the rear is a one bedroom fully self contained “gottage” which is tenanted at $130 per week.
 
Annual income based on 52 weeks is $19,500.  Annual rates are $3,735pa; with estimated house insurance cover $1,500pa.
 
With two incomes derived off one property your risk of income loss is somewhat minimised.
 
Do your sums, work out the return on investment that works for you; and let’s tell the owner at what figure this investment is an asset to your portfolio?
 
Call Tracy on 06 929 1933 or text 027 553 5360 for further information.