61 Amazon Drive, Beechboro WA 6063

ATTENTION FIRST HOME BUYERS & INVESTORS

First Home Buyers - This new to market house is THE MOST AFFORDABLE HOUSE IN BEECHBORO (the other cheap one I have went under offer before the first home open) - 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 $7200. 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 $341,000 - Try getting a mortgage that small anywhere else! Your repayments at $485 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 $63,000 for single buyers or a combined income of $65,000 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 $320 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 $330 per week.

And now for some details about the house -

This well presented three bedroom, one bathroom home is located close to shops and schools, only a few minutes drive to Beechboro Primary School and only a few minutes walk to Altone Park Shopping Centre. Altone Park Golf Course and Leisure Centre is also close by. There is easy access to major transport routes of Reid Highway and Tonkin Highway.

The living areas have slate floors and there is carpet in the loungeroom. There is ducted air conditioning to keep the house pleasant through summer.

The kitchen is large, with windows overlooking the back garden so you can watch the children playing easily. The kitchen opens to the living area so there is plenty of space.

The house has three large bedrooms, all with near new carpet and the main bedroom has built in robes with mirrored sliding doors. New blinds have been installed in 2009.

At the back, there is a large garden area and it is securely fenced.

The property is currently tenanted to a stable tenant, however this is a Periodic tenancy and so you can move in at Settlement or ask the tenant to stay - it is your choice.

This property offers an excellent opportunity to the investor or the First Home Buyer! If you would like to view or to find out more, pleas give our office a call .. and yes we are open over the Festive Season, so you can call right now, start making your future decisions happen!

Adam Bettison, Real Estate Agent and Finance Broker #4204