1/28 Johnston Street

NEW PRICE $160,000




Property Features

  • 18754235 Property ID
  • Body Corporate Fees $2360 Yearly
  • Rental Return $220 Weekly Actual
  • Rates $236 Quarterly

Property Description

This two bedroom stand alone house is conveniently located close to schools, park lands, shops and public transport. The home is the original house which has been converted to a strata title in the early 1990's. The home has two large bedrooms, as well as a sleep-out, large lounge room and separate kitchen and dining. The home contains most of the original features including weatherboards on the outside, lining boards on the inside, retro kitchen and rustic bathroom and laundry. As stated the home is a stand alone property with the other four strata units at the rear. There is approval for further development of the site, with a two bedroom unit (similar to the other units) being able to be built at the location if desired. (STCA) The home is currently rented for $220/week and at the listed price the property would provide a gross return of over 6.3%. The home would make an ideal first home for those people trying to break into the property market, as its location is unmatched and there is plenty of opportunity to renovate and capitalize on your investment.

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