Sold - 19.03.2021
This property is under contract.
Saving for your first home, in a tough property market?
This property is leasehold however, this is how it can work for you.
Deposit required on leasehold is 50% balance payable on the term left on the lease. Or bite the bullet and pay the full amount from the get go.
ONLY $4,059 per annum is the ground rent that's $78.57 per week 21 Year Perpetual Lease, so the good kind of Lease that doesn't go up every 7 years!
Currently rented for $440.00 per week that's $22,880 per annum
You could move in and keep saving like you normally would till the lease is up in 6 years, Sell it and you will have a bigger deposit for your next property. Renting is dead money, this is a great opportunity to set yourself up for your next purchase.
Or investment perhaps? This property has a history of being an excellent rental property, so kick back and collect.
The current Lease is due to expire in SEPT 2027, so 6 years are left on the clock!
This will sell quickly so enquire within
* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.