We Would Love To Tell You A Little more about this opportunity!
Your Privacy is protected.
Here we have an exciting investment opportunity in Christies Beach, the Southern Beach Side Suburb of Adelaide. The properties available are located at 5 Archer St.
The development comprises of 4 brand new town-houses, starting from $349,000
These new house and land packages have been developed by the award winning team at APS Homes.
There are 4 townhouses available in total.
Each Townhouse has 3 bedrooms, 1.5 bathrooms and a single car garage.
Each property comes full turn key and ready for tenanting (or for you to move in).
Features of the homes include:
The properties are located across the road from a lovely green park, and just a short walk from the beautiful southern beach. There are shops within walking distance, and it is only a short drive to some of the greatest dining venues southern Adelaide has to offer.
Christies Beach and it’s surrounding suburbs is more and more becoming the breeding ground for some fantastic developments.
With its coastal life style yet ready access to key infrastructure such as hospitals, schools, shopping malls, and the Southern Expressway, it provides an excellent launch pad for any lifestyle.
The current rental vacancy rate (as provided by SQM Research, on 24th March 2016) is sitting at 2.5%
Whilst 2.5% is not considered to be the ideal ‘landlord’s market’, the fact that these town houses are brand new with a range of luxury additions will make them very competitive in the rental market.
The Median rental price for the region is $310 per week for a 3 bedroom house (sourced from RealEstate.com.au )
However, the rental assessment certificate, provided by a third party property manager from the area, places these town houses at an estimated weekly rent of $350
The rental yield can then be calculated from the mortgage repayments + other costs from $350 per week.
For a detailed prediction of the likely rental yield, you are best suited to having a meeting with a property investment strategist.
For a quick glance at estimated rental yields, RealEstate.com.au places the local rental yield at 4.8% for this property type.
With this figure, the property may come close to being neutrally geared, or very small scale negatively geared.
The Median house price in Christies Beach is currently $349,000 (sourced from residex.com.au on the 24/3/16)
The Median house price in 2007 was $243,000
This sees a price rise over the last 10 years of $106,000
This constitutes approximately a 43% increase in value over the last 10 years, or on average 4.3% per year.
If this growth rate was to continue then we could expect the value to grow to $531,702
That is a 10 year growth potential of $182,702 or $18,207 per year.
Note: There is no perfect science or method to accurately predict the exact growth that a region will experience in the future.
If you would like to discuss a little more about:
-incorporating this property into your investment strategy
-holding costs for this property