Unit 5/6 Cardew Street
East Ipswich



Property Dates and Times

Great Investment Set and Forget

This tidy two storey townhouse is located in a great well maintained complex in East Ipswich and is within walking distance to the train station, primary school, sporting fields, parks and local shops. Within minutes by car or one station up the rail line you have most everyday items at hand, Hospital, major shopping centre, doctors, chemists, dentists and if you like a good coffee then the Top of Town restaurant and coffee shop precinct is also close by. The local University is one stop up the rail line and a 10 minute bus ride to the growing Campus.

The location alone makes this a prime opportunity to purchase to live in but if you're that savvy investor looking to purchase the low body corp fees along with a good rental yield makes this property a must to have in your portfolio.
The two level townhouse contains

Two good size bedrooms with ceiling fans. Bedroom two has a built in
Bedroom one has large walk-in robe also has access to a rear balcony.
Multipurpose bathroom contains shower over bath, vanity unit and laundry area. Separate W/C
Polished pine timber stair case allows access to ground floor.
Roomy kitchen with upright stove and plenty of bench space.
Generously sized lounge room which is adjacent to the dining area.
Small fenced court yard which is quite private.
Single lock up car accommodation. Quite street. Well maintained complex.
Body Corp fees $398.50 per quarter
Currently rented at $260pw till October 2018 which it could get $270pw on a future lease.
At $260 pw gives you 6.43% at $270pw gives you 6.68% return on list price

Tenant is moving so great opportunity if you were looking to down size then this would be available to purchase to live in or if you're that investor then $270pw wouldn't be out of the question. If you would like a viewing of the property please feel free to give me a call for your private inspection.