2/196 Kooyong Road

Rivervale WA 6103

I may have to buy this property myself ! Yes its only been on the market a few days yet I can not believe it is still for sale. The land component is worth more than the asking price, THATS A TICK, you get a solid 2 bed villa built in 1975 "that's when houses were built properly" for a price where mortgage is less than rent. HELLO!! Potential rent for investors over 1% of Sale Price, around the $400 per week mark (maybe more), low maintenance and owning a third of 1277m2 corner block zoned R20/40 adds to the investment appeal. Just imagine if you secured the other two units down the track. You'd be sitting on a small goldmine.1st Homebuyers, stop paying ridiculous rents when you could be paying off your own home. This property has a large land portion which makes it so much better than a unit with a balcony or just a courtyard. There's a private backyard to do lots in. If you have a dog or kids, perfect, they wont escape. Investors take note, renting out allowing a dog gets you great tenants who pay more rent & generally look after things well. Located on the corner of Kooyong and Alexander, which is a high frequency bus route, no need for a car. Belmont Forum is walking distance as is Kooyong Road Shopping Precinct. Schools are a 3 minute drive. Big parklands for dog lovers 300 metres away.This 2 bedroom villa is a part of only three. - Two bedroom, main with built in robe and ceiling fan- One bathroom, separate toilet- Two car bays, one under coverPlease 1st homebuyers, beat the investors on this one as the rear yard is not only a generous size but very private. It could become a wonder land for the right person and inside could be improved cheaply as well.It's an absolute ripper!!I am taking details of interested buyers, 1st inspection will be a Home Open on Saturday 3rd June