Sub-500K Steal! Value-boost via flip or subdivide

The Details

Location: Adelaide Mid Coast, SA

Type: Off Market Residential

Purchase Price: $480,000

Expected Rent: $450 p/wk

Rental Yield: 4.88 %

Vacancy Rate: 0.45 %

WHY WE LOVE THIS PROPERTY:

Ability to subdivide this property in the future

Value-add opportunity to perform a cosmetic reno to both increase future yields

The region contains a nice sweet spot for both lifestyle and affordability.

The property is situated in a nice pocket in Christie Downs