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Real Estate for Sale: 16 Peak Street, Drummond Cove, WA


Property ID: 3170497
Professionals Midwest Realty
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Listing No: 3170497
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Drummond Cove INVEST, INVEST, INVEST!

6 years old, great location, but wait for the best bit- this property comes with a GROH (formerly GEHA) lease that the ink is barely dry on for the next 3 YEARS, with annual market reviews.

So let me do the sums for you! $430 per week equates to $22,000 per year, the list price is $429,000 that is 5% plus gross return on the cheapest 4 x 2 in Drummonds a suburb that is rated very highly by all and sundry.

Add to this a healthy depreciation schedule due to the young age of the home and the fact that you will collect the rent every week regardless of their being a tenant in place, that's the beauty of GROH leases.

Investment is all about risk against return and I think this one would stack up with the best of them, do your homework and check what properties are selling for in this area and then give me a call to inspect.
4 Bedroom 2 Bathrooms
Double lock up garage
Rear Patio
Brick and tile construction
Close to beach
Open plan

Property Location


16 Peak Street
DRUMMOND COVE

SOLD(List Price: $429,000)

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Property Summary
Type:
House
Property Features
Bedrooms
4
Bathrooms
2
Water Closets
2
Garage
1
Air conditioned
-

Agent Information

Mike Paterson

Mike Paterson