Undervalued Purchase with Potential Future Subdivide

The Details

Location:  Adelaide Mid Coast , SA 

Type: Off Market Residential 

Purchase Price: $637,000

Rent: $550 p/wk 

Rental Yield: 4.49 %

Vacancy Rate: 0.84%

WHY WE LOVE THIS PROPERTY:

Purchased under market value and currently under rented 

Close proximity to nearby amenities, Beach , Shopping Centers and Schools and Adelaide CBD

Potential to subdivide/develop in future (STCA) with a knockdown

Low maintenance and level block

Tightly held rental area with low vacancy rates