Unit 26, 20 Grove Street West, Little Grove WA 6330

Ready to downsize big time or invest in a property that is about as low-upkeep as it gets and attracts a solid rent return?
This treasure nestled in a quiet contemporary residential strata complex in picturesque Little Grove is a beauty.
It is just a couple of streets from beautiful Princess Royal Harbour and the local general store and primary school and an easy and very scenic drive to nearby beaches, tourist hotspots and Albany's CBD.
The current long-time tenant is paying $218pw rent and is extremely reliable and tidy and eager to stay on.
The property offers level access and has a single carport, visitor parking nearby and a lovely private backyard with garden shed and room for the veggie patch and more.
Light and in-vogue throughout, the unit reveals a welcoming lounge, which flows to either the bedroom with built-in robes or the modern stainless-steel appliance kitchen and a handy studio or second living zone.
Between the studio and bedroom is a smartly-designed wheelchair-friendly bathroom and laundry combination.
This property requires minimal ongoing upkeep, making it highly appealing for potential owner-occupiers of all ages and stages and savvy investors.

For investors: The NRAS scheme is a government run scheme that gives incentives for investors to provide housing and subsidised rent. The scheme runs over 10 years and this particular property will run until 2023 then the property reverts to a normal rental. The incentives are a Commonwealth tax offset (2020 - 2021) of $8452.94 plus a state cash incentive of $2817.65. These are CPI indexed with valuations done every 3 years. The scheme works as such....as the investor you get your rental income, tax offset, state cash incentive then your expenses. Once the incentive scheme finishes rents are then at the market rate. One of the properties that is not in the scheme is currently rented out at $255 per week. You have the flexibility to opt out if you wish.

For more detailed information or to arrange a private viewing please contact Paul Armstrong on 0459 381 382.