Undervalued Hidden Gem in Booming Region

The Details

Location: Adelaide Coast, SA

Type: Off Market Residential

Purchase Price: $465,000

Purchased under market value $35,000-55,000

Expected Rent: $470 p/wk

Rental Yield: 5.26%

Vacancy Rate: 0.31%

Other Properties in the area, comparable sales $500,000-520,000

Great mix of affordability and lifestyle

long term and sustainable growth within the region

Big, planned infrastructure spends and diverse employment opportunities (New train line planned)

Low vacancy rate potential for rent increase in the future.