48A Belconnen Way

Page ACT 2614

AN IDEAL INVESTMENT.
MANY EXPERIENCED INVESTORS USE, AS A YARDSTICK, THE CURRENTLY ACHIEVABLE WEEKLY RENT ON A PROPERTY TO GIVE AN INDICATION AS TO THE VALUE OF THE PROPERTY. FOR INSTANCE, A PROPERTY THAT COULD BE RENTED AT, SAY, $330 PER WEEK MAY BE CONSIDERED TO BE WORTH FURTHER INVESTIGATION IF ITS ASKING PRICE IS IN THE REGION OF $330,000. THERE MAY BE OTHER CONSIDERATIONS TOO BUT RENT-V-ASKING PRICE IS A GOOD STARTING POINT FOR MANY. THIS PARTICULAR PROPERTY IS AN EXAMPLE OF A DESIGN STYLE KNOWN AS A DUPLEX. IT IS A SINGLE STOREY HOUSE INCORPORATING A ONE BEDROOM UNIT AND A TWO BEDROOM UNIT UNDER THE SAME ROOF WITH ONE TITLE. EACH UNIT HAS AN OPEN PLAN LIVING AREA AND KITCHEN, THE 2 BEDROOM UNIT HAS A FULL BATHROOM AND LAUNDRY AND THE 1 BEDROOM UNIT HAS AN ENSUITE STYLE COMBINED BATHROOM AND LAUNDRY. THERE IS A CARPORT FOR EACH UNIT, A SINGLE GARAGE AND THE YARD IS SHARED. BLOCK SIZE IS 922.9M2 AND THE UNITS HAVE INDIVIDUAL ELECTRICITY METRES. CURRENT RENTAL DEMAND SUGGESTS THAT PROBABLE ACHEIVABLE WEEKLY RENTS ARE $280 FOR THE 2 BEDROOM UNIT AND $220 FOR THE 1 BEDROOM UNIT. $500 PER WEEK. APPLYING THE EARLIER STATED PHILOSOPHY ($1/$1000), THIS PROPERTY MAY WELL PROVIDE A BETTER RETURN THAN MANY OTHERS CURRENTLY AVAILABLE IF BOUGHT PURELY FOR INVESTMENT PURPOSES. ALTERNATIVELY, ONE SIDE OF IT COULD BE YOUR HOME WITH SOMEBODY WHO DOESNT ACTUALLY LIVE WITH YOU HELPING YOU TO PAY YOUR MORTGAGE. IF YOUD LIKE TO KNOW MORE, GIVE ME A CALL. EER.5