We have an investment property in Metford NSW 2323. We bought it 8 years ago. We have moved to the UK earlier this year, and been considering of selling it to reduce our debt and maybe to buy something here. Therefore, we would like to know if any forumite would like to consider buying this as part of their portfolio.
It is an ordinary family home with 3 good size bedrooms, built around 30 years ago. Other features include: a family bathroom, an extra toilet off the laundry, a separate lounge, a kitchen with a dining area, a sun room, a built-in brick bbq area, a built-in garage - with internal access - with an extra parking spot behind the garage. It is close to a primary school, and a short drive to Greenhill shopping centre.
Towards the end of 2010 we put it on the market for $330K as my husband and I were splitting up, and then existing tenants bought their own place (so the timing was right). It sat on the market for 3 months with a number of viewings but no offer. Subsequently we got back together and decided to re-let the property. Current tenant (there since December 2010) is moving out, so we thought now maybe the time to sell it as we do not like selling while tenants are in the house.
The current weekly rent on the property is $370 a week. In the last 12 months at current tenant's requests we have installed a new security alarm system, new fence along side one neighbour's property and a new gate. Current tenant has requested us to put in a new ducted AC - to replace the existing one (it was there when we bought the house). We have yet to do this, and are still getting quotes and advices on it.
Since we live overseas and it has become very difficult to get straight answers from the property manager on the AC. She wanted us to replace the AC system and re-let the property. She said we could get an extra $20 in weekly rent for it.
We do not want to put the property on the market for sale with a RE agent. We have not been impressed with the last one we used. We thought if any forumite is interested, we would be willing to negotiate - to save us time and agent's commission.
We will be "realistic" in our expected price range. We do understand there has not been much growth over the last 4 years in Metford for older established property. However, the property has generated good rental yield - more than 5%pa.
We are honest, open and straightforward people. We will be happy to answer any question which anyone who is interested may have. We can answer it on the forum or via PM.
Thank you for your interest. I am also be interested in receiving suggestions as to the best ways for us to sell this property. It is not a dump, but liveable home. We have always had tenants living in the property.
It is an ordinary family home with 3 good size bedrooms, built around 30 years ago. Other features include: a family bathroom, an extra toilet off the laundry, a separate lounge, a kitchen with a dining area, a sun room, a built-in brick bbq area, a built-in garage - with internal access - with an extra parking spot behind the garage. It is close to a primary school, and a short drive to Greenhill shopping centre.
Towards the end of 2010 we put it on the market for $330K as my husband and I were splitting up, and then existing tenants bought their own place (so the timing was right). It sat on the market for 3 months with a number of viewings but no offer. Subsequently we got back together and decided to re-let the property. Current tenant (there since December 2010) is moving out, so we thought now maybe the time to sell it as we do not like selling while tenants are in the house.
The current weekly rent on the property is $370 a week. In the last 12 months at current tenant's requests we have installed a new security alarm system, new fence along side one neighbour's property and a new gate. Current tenant has requested us to put in a new ducted AC - to replace the existing one (it was there when we bought the house). We have yet to do this, and are still getting quotes and advices on it.
Since we live overseas and it has become very difficult to get straight answers from the property manager on the AC. She wanted us to replace the AC system and re-let the property. She said we could get an extra $20 in weekly rent for it.
We do not want to put the property on the market for sale with a RE agent. We have not been impressed with the last one we used. We thought if any forumite is interested, we would be willing to negotiate - to save us time and agent's commission.
We will be "realistic" in our expected price range. We do understand there has not been much growth over the last 4 years in Metford for older established property. However, the property has generated good rental yield - more than 5%pa.
We are honest, open and straightforward people. We will be happy to answer any question which anyone who is interested may have. We can answer it on the forum or via PM.
Thank you for your interest. I am also be interested in receiving suggestions as to the best ways for us to sell this property. It is not a dump, but liveable home. We have always had tenants living in the property.