This one-year-old, four-bedroom duplex is currently tenanted at $600 a week to tenants on an expired lease who are keen to stay on. It includes a single lock-up garage and two bathrooms.
Raine & Horne listing agent Charlie Wakim is marketing the property with price hopes of $500,000 plus, and if it sells for that price, that would secure an investor a gross rental yield of 6.2% at its current rent, well above the gross rental yield for Yagoona houses of 4.8%, according to RP Data. The gross rental yield does not consider the costs of maintaining the property, including council rates and other fees such as water bills and managing agent fees.
Washington Brown estimates the first-year tax depreciation deduction to be $13,000 and over five years to be $45,000.
The median house price in Yagoona fell 2% in the past year but rose 27.2% in the past five years, according to RP Data.
For more information about prices and yields in Yagoona, see the RP Data suburb page.
The property will be open for inspection Saturday, December 15 at 3pm and will go to auction on December 22.