With interest rates rising, strong rental returns are essential to good property investments. This well maintained property is returning $420/week on a twelve month lease that ends on 18/10/23. At the asking price of $369,000 that represents a gross return of over 5.9%. Such returns are now becoming difficult to find in free standing houses.
The property consists of a modern three bedroom, two bathroom, single lock up garage style house on a low maintenance 512sqm block with no rear neighbours for added privacy for your tenants. Built in 2010 the property has been maintained in good condition. Constructed of rendered besser block with a tile roof there is very little ongoing maintenance to worry about:

* King sized master bedroom at the rear of the house is air conditioned and carpeted with three door built in robes and a stylish modern ensuite with twin showers
* Bedrooms two and three are both airconditioned and carpeted with two door built in robes
* Family bathroom is also modern and stylish with the shower over the bath to accommodate toddlers
* Large open plan air conditioned and tiled living & dining spaces off the kitchen open out to the back under cover patio
* Modern kitchen is the centrepiece of the house and comes with electric appliances (no dishwasher), plenty of bench & cupboard space and a large fridge space
* Good sized covered outdoor entertaining patio for the weekend BBQ
* House sits forward and to one side leaving a good sized back yard and double gate side access down the wide side to a concrete hard stand area to park a boat or trailer

Despite the pull back in the capital cities Townsville house prices and rents continued to rise in 2022. This property makes an ideal first investment property for buyers who can't afford the large cashflow deficits associated with property investment in the capital cities.