Bora Street, Fern Bay, NSW
Property Journey:
The clients were looking for a solid investment property with low maintenance, high rental demand and as close to neutrally geared as possible.
Within 4 weeks of first meeting with the clients, we managed to source a property pre auction and before it was publicly able to be viewed on realestate.com or domain.com.
The property we bought was a corner block of approx 700m2 and based on comparable properties within 500m conservatively worth between $700K – $720K, we bought it for $640K saving Matt and Lauren approximately $60K – $80K.
The rent is approx $500/wk so after all expenses it costs approx $70/wk.
Matt were pleased with the result as they had a time frame of 3 months to work towards.
About the Property:
This single level brick and tile property offers a great location within the seaside suburb, being one of the original blocks boosting 692sqm facing north with a bush outlook.
The search to store your caravan/boat/motorhome or anything of value has now been fulfilled, this property has room for all of the above.
Designed to offer everything a family or retire may want in a home, 4 bedrooms, walk in robe, en-suite and a great size level yard for kids or storage.