113 Raye St, Tolland is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1990. The property has a land size of 601m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Situated close to a number of shopping precincts, this renovated residence is a must-see for the astute investor looking for rock-solid returns. Under the current amazing long-term tenant, this property has never had a rental increase and is earning a proven (and possibly conservative) $280 per week. That's a gross return of over 5.6% on the asking price and with interest rates so low, this property should be positively geared. It will pay itself off!!!
The current owners of the property have tastefully renovated and maintained it, providing a property that is a home rather than just a house. This approach is reflected in the ultra-low turnover of tenants.
Features include:
This property would make a terrific high yield, low maintenance, low-stress addition to your investment portfolio. Owners have committed elsewhere and need to unlock some capital for their next venture.
Inspections also available by appointment.
To enquire, please email or call 1300 815 051 and enter code 1849
The size of Tolland is approximately 2 square kilometres. It has 4 parks covering nearly 11.9% of total area. The population of Tolland in 2011 was 3,550 people. By 2016 the population was 3,363 showing a population decline of 5.3% in the area during that time. The predominant age group in Tolland is 0-9 years. Households in Tolland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Tolland work in a labourer occupation. In 2011, 54.9% of the homes in Tolland were owner-occupied compared with 51.6% in 2016.
Tolland has 1,694 properties. Over the last 5 years, Houses in Tolland have seen a 72.75% increase in median value, while Units have seen a 67.75% increase. As at 31 July 2024:
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