6/19 Tropic Road, Cannonvale
overview
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1P3273
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Unit
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Sold
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103 sqm
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1
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2
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1
Description
Affordable Investment Opportunity in Prime Cannonvale Location
Set in a well-maintained complex with low body corporate fees, this two-bedroom unit is an incredible opportunity for investors or buyers looking to enter the market at an affordable price.
With a steady rental income of $350 per week and strong capital growth trends in Cannonvale, this property provides a reliable return with the potential to add value in the future. While the unit could benefit from some TLC, this presents a great chance to modernize and enhance its value over time.
Key Details:
✅ Purchase Price: $349,000
✅ Rental Income: $350 per week ($18,200 annually)
✅ Low Body Corporate Fees: approx $3,000 per year
✅ Rates: approx $4,000 per year
✅ Management Fees: $1,601.60 per year
✅ Gross Rental Yield: 5.22%
Cannonvale's property market is thriving, with units experiencing an 18.18% annual capital growth. This unit is an affordable entry into a high-growth market, making it a smart investment with future potential.
Don't miss out - make an offer today!
With a steady rental income of $350 per week and strong capital growth trends in Cannonvale, this property provides a reliable return with the potential to add value in the future. While the unit could benefit from some TLC, this presents a great chance to modernize and enhance its value over time.
Key Details:
✅ Purchase Price: $349,000
✅ Rental Income: $350 per week ($18,200 annually)
✅ Low Body Corporate Fees: approx $3,000 per year
✅ Rates: approx $4,000 per year
✅ Management Fees: $1,601.60 per year
✅ Gross Rental Yield: 5.22%
Cannonvale's property market is thriving, with units experiencing an 18.18% annual capital growth. This unit is an affordable entry into a high-growth market, making it a smart investment with future potential.
Don't miss out - make an offer today!
Features
- Air Conditioning
- Built-ins
- Close to Schools
- Close to Shops
- Close to Transport
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