53 St Lawrence Drive, Beechboro WA 6063

ATTENTION FIRST HOME BUYERS & INVESTORS

First Home Buyers - This new to market house is THE MOST AFFORDABLE HOUSE IN BEECHBORO - and note it is a house not a unit or duplex, so you get your own block of land with no strata body rules and regulations to deal with. If you buy before 31/12/09 YOU SHOULD QUALIFY FOR THE EXTRA FHOG BOOST OF $3500. Finance is straight-forward - take Keystart Finance for example. You would need genuine savings of $6900. As a first home buyer you would then apply for the following grants: FHOG $7000 Boost $3500 Fee Assistance $2000 Total Grants $12500. As the purchase price is under $500,000 you are likely exempt from stamp duty, saving thousands. Once you have paid your settlement agent, you are left with a home loan of only around $326,000 - Try getting a mortgage that small anywhere else! Your repayments at $464 per week would be only a bit more than if you were to rent an equivalent home; but the difference is that with each repayment you are building equity. You will need clean credit and annual income of around $61,000 for single buyers or a combined income of $63,000 for couples (higher income is needed if you have one or more of the thee c's - children, car loans or credit cards).

Investors - This property is already tenanted at around $300 per week - this means no vacancy, no advertising costs and income from the first day of settlement. With borrowing rates at record lows, income tax payers may be in positive gearing territory. If you have equity in your current home, it would be easy to structure a purchase with NO money down, NO out of pocket repayments and POSITIVE cashflow likely in 1-2 years. Note that this property is currently leased a bit below market - a rent review may see a rent increase to around $320 per week. Also have a look at the position of the house on the block and think to the future.

And now for some details about the house - This three bedroom, one bathroom home presents an exciting opportunity for an investor or First Home Buyer. The home is well located opposite natural parklands, and a short stroll to St Lawrence Park with childrens playgrounds. There is easy access to major transport routes such as Tonkin Highway and Reid Highway, and it is not far to West Beechboro Primary School and Amazon Drive shops.

The house itself has a functional kitchen and meals area with near new vinyl flooring, lots of cupboard space and gas cooking.

There is a large living area with air conditioning. THere are three bedrooms, and the main bedroom has a semi ensuite. all bedrooms have built in robes.

There is a double carport and outside a shed for storage and pergola.

There is a tenant currently living in the property on a Periodic Tenancy and so you can choose to have the tenant stay on or have the property vacant at settlement ready for you to move into.

This house presents an excellent opportunity for either a First Home Buyer or Property Investor ... go and have a look, this is an opportunity to grab with both hands! Our office is open across the Festive Season, so give us a call to arrange a viewing.

Adam Bettison, 0409 929 128 Real Estate Agent and Finance Broker #4204