Fern Bay, NSW 2295

Type of Property: House

Reason for Purchase: Investment Property

Address: Fern Bay, NSW 2295

Property Journey:

The clients were looking for a solid investment property with low maintenance, high rental demand and as close to neutrally geared as possible. Within 4 weeks of first meeting with the clients, we managed to source a property pre auction and before it was publicly able to be viewed on realestate.com or domain.com. The property we bought was a corner block of approx 700m2 and based on comparable properties within 500m conservatively worth between $700K – $720K, we bought it for $640K saving Matt and Lauren approximately $60K – $80K. The rent is approx $500/wk so after all expenses it costs approx $70/wk. Matt were pleased with the result as they had a time frame of 3 months to work towards.

About the Property: 

This single level brick and tile property offers a great location within the seaside suburb, being one of the original blocks boosting 692sqm facing north with a bush outlook. The search to store your caravan/boat/motorhome or anything of value has now been fulfilled, this property has room for all of the above. Designed to offer everything a family or retire may want in a home, 4 bedrooms, walk in robe, en-suite and a great size level yard for kids or storage.

Other features included;

  • North facing
  • Double garage with internal access
  • 4 beds main walk in robe +ensuite
  • Built in robes all rooms
  • 2 bath + sep toilet
  • Open plan kit/din/lounge
  • Lounge/Media room
  • 2 x aircon
  • Ceiling fans, downlights throughout
  • Tiled throughout
  • Carpet in bed rooms
  • Brick and tile construction
  • Large back yard on approx 692m2
  • off street potential for car/boat/caravan
  • Bush outlook
  • Covered entertaining area
  • Ample storage

Location

Purchased by:

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