Keen to hear Alan's (Propertunity) thoughts on this one and anyone else:
http://www.domain.com.au/Property/For-Sale/House/NSW/Shortland/?adid=2008404111
- 950m block (possibility for later subdivision)
- ~300k purchase price
- already earning 400/wk rent
- close to Newcastle uni
- Front yard looks like a dump and would be VERY easy to clean up and improve the from-street appearance dramatically.
Any thoughts as an IP?
Shortland has shown 9pc average growth over the past 10 years, but little growth within the past 3 or so years, indicating it has stalled a bit lately and perhaps a good time to get in while the rest of Newcastle seems quite bloody expensive.
Cheers
http://www.domain.com.au/Property/For-Sale/House/NSW/Shortland/?adid=2008404111
- 950m block (possibility for later subdivision)
- ~300k purchase price
- already earning 400/wk rent
- close to Newcastle uni
- Front yard looks like a dump and would be VERY easy to clean up and improve the from-street appearance dramatically.
Any thoughts as an IP?
Shortland has shown 9pc average growth over the past 10 years, but little growth within the past 3 or so years, indicating it has stalled a bit lately and perhaps a good time to get in while the rest of Newcastle seems quite bloody expensive.
Cheers