Undervalued Gem with Subdivision Potential to Unlock Future Value

The Details

Location: Mid Coast Adelaide , SA

Type: Off-Market Residential

Purchase Price: $495,000

Rent: $460 p/wk

Rental Yield: 4.83 %

Vacancy Rate: 0.52 %

WHY WE LOVE THIS PROPERTY:

Option to subdivide in the future

Very conservative rent and in current market with such tight vacancy rates

Property price under market value for the area

Conveniently positioned near schools, shopping centres and public transport

Ability to add value through a cosmetic renovation