A rare investment opportunity in Highfield has emerged. This house needs TLC but currently it is being rented out for $480 per month in it's state. The return on investment is 10%pa. There is an incomplete 4 roomed cottage which can be rented out for $280/ month once completed. Potential return on investment increases to 12% pa taking into account budget for renovation of the main house.
This property is set on a 339 square metre stand with a walled and fenced perimeter.
Inside, the layout includes four bedrooms, one bathroom, one lounge, and a dining room. The concrete floors run through the interior rooms low maintenance underfoot and easy to keep clean. Security bars on the windows mean you're not relying on the boundary wall alone.
The property has title deeds. This is a wise investment with good returns.