Island Bay 126 Eden St

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$533,000

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Affordable Home & Income in Island Bay - Rv $510,000

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Affordable Home & Income in Island Bay - RV $510,000

If you want to get into a traditional home in a premium suburb, but everything just seems out of reach financially, you need to see 126 Eden St. If you are looking for an affordable first home, with loads of bedrooms (not to mention a self contained flat below) to rent out and help with the mortgage, you should come and see 126 Eden St. If you want something liveable right now, yet with plenty of potential for adding value, you gotta take a look at 126 Eden St. Or if you just want to invest in a home & income in a desirable suburb, then check out 126 Eden St!

Super close to all Island Bay shops, supermarket, butcher, cafes and cinema, with great views of the sea, there is tons on offer here...

Main House Upstairs:
4 bedrooms plus an office (has been used as a 5 bed rental) Previously rented for $600pw Freshly painted Generous eat in kitchen / diner Spacious separate lounge with fantastic views of Island Bay and the sea Deck with excellent morning sun and views Rear courtyard for BBQs Family bathroom plus separate toilet Potential to create garaging
Self Contained Flat Downstairs:
1 bedroom plus open plan modern kitchen / living Rented for $270pw until early 2014 At 6% mortgage interest rate, this rent will pay the interest on $234,000 of your mortgage. This makes this property SOOO affordable!! Flat lawn
FIRST HOME BUYERS: If you rent out a few bedrooms in the main house, and keep renting the downstairs flat, you could probably end up living in this property for FREE. Even if you keep the whole main house for yourself and your partner, and rent out the downstairs flat, you have an extremely affordable home in a great suburb.

INVESTORS: with potential rent of up to $870pw, in an excellent suburb, this is a great opportunity to take advantage of low interest rates and get yourself into a cashflow positive property.

Contact me (Adam) today and come check it out for yourself.