Brompton villa ideal money-spinner
THIS five-bedroom Brompton villa is being sold as one complete package but offers up to five weekly property returns.
THIS five-bedroom Brompton villa is being sold as one complete package but offers up to five weekly property returns.
It is configured for rent as student accommodation and fetches up to $680 per week when fully occupied.
"It offers fantastic returns on a rooming house agreement," selling agent Gareth Evans of Harcourts - Collinswood says.
Three of the rooms are currently occupied, bringing in $400, while two others are up for rent.
Four of the rooms have a rent of $140 per week, while the fifth is priced at $120 per week, all on periodic leases.
There is a communal kitchen, bathroom, lounge and courtyard area.
The property, at 15 Taylor St, is situated on 375sq m of land over two titles and three allotments.
Instead of renting it out, the new owner could alternately (subject to council consent,) develop the site. It also has access to good public transport options.
"The reason it's such an ideal investment is that it is positioned in a great suburb, close to the CBD and, when fully occupied its return on investment is absolutely brilliant," Mr Evans says.
The property priced for sale at $480,000 to $495,000.