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If you are seeking a strong cash-flow performer to add to your investment crown, look no further than this one-bedroom apartment. An investment decision of remarkable acumen, the property's position within a strong capital-growth network guarantees it a high rental yield, while its design requires little upkeep & attention.
Positioned on a quiet street less than 500 metres from Deakin University with Burwood Highway trams, restaurants and cafes just seconds away, this 1-bedroom student apartment is a very astute investment opportunity.
A modern kitchen with microwave, cooktop and refrigerator is accompanied by a meals area, study, attractive and fresh bathroom plus a spacious bedroom and balcony access. Including a secure foyer and intercom as well as a shared laundry and a large common room. It also comes with a basement car park and a storage cage.
Tram number 75 is located within walking distance of the building, on Burwood Highway, and takes you to local shops in minutes (including the brand-new Burwood Brickworks, Burwood One (24x7 shopping at Kmart and Coles) and Burwood Heights shopping precincts), or Melbourne City centre in approximately thirty minutes.
This property is currently leased for $15,180 per annum from 14/02/2024 - 12/02/2025.
The outgoings for this apartment are as follows:-
1. Body corporate fee approx. $4,441.48 pa including car parking space
2. Water & sewerage rate approx. $748.00 pa
3. Council rate approx. $328.70 pa