$260,000

2 Bed  •  1 Bath  •  1 Car  •  160m²

Main view of Homely unit listing, 2 & 3/61 St Georges Road, Norlane VIC 3214
Floorplan of Homely unit listing, 2 & 3/61 St Georges Road, Norlane VIC 3214
Second view of Homely unit listing, 2 & 3/61 St Georges Road, Norlane VIC 3214
+5

Sold

2 & 3/61 St Georges Road, Norlane VIC 3214

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$260,000

  • 2
  • 1
  • 1
  • 160m²

Unit Sold on Thu 29 Mar, 2018

What's around St Georges Road

Unit description

“$22,960 Return Per Annum.”

This has got to be the best returning low risk investment property on the market. With 8.8% return and an annual income of $22,960.00 per townhouse your accountant and bank manager will welcome you with open arms. Current rental return of $230.00 per week per unit and a further $11,000 paid in cash or tax credits via a government scheme per property for the next 7 years plus your depreciation you will not find better value. Both homes comprise of a spacious open plan living area on the ground floor, with central kitchen with stainless steel appliances, gas cooking and adequate cupboards and meals area that opens onto a private backyard. A practical laundry and powder room are also located on the ground floor. Upstairs the 2 comfortable bedrooms offer built in robes and split system air conditioning, and central bathroom. Boasting easy access to the North Shore Train Station, just minutes from the Corio Shopping Centre and short commute to Geelong's CBD these properties have all you need and more. Perfect for the astute or first-time investor. Let the rent pay your loan and snap up this low risk, high returning residential investment property

Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist

Property features

airConditioning

Air Conditioning

builtInRobes

Built-in Robes

dishwasher

Dishwasher

ensuites

Ensuites: 1

fullyFenced

Fully Fenced

livingAreas

Living Areas: 1

Land details

Area: 160m²

Property video

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Interactive media & resources

Third view of Homely unit listing, 2 & 3/61 St Georges Road, Norlane VIC 3214View more
Fourth view of Homely unit listing, 2 & 3/61 St Georges Road, Norlane VIC 3214View more

Contact the real estate agent

Nick De Stefano

Harcourts - - North Geelong

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2 & 3/61 St Georges Road, Norlane VIC 3214
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