Friday Form Guide wrap: One of three properties sold

Friday Form Guide wrap: One of three properties sold
Cassidy KnowltonDecember 8, 2020

1/30 Kinross Street, HAMPTON EAST, VIC, 3188


This three-bedroom, two-bathroom townhouse in the bayside suburb of HAMPTON EAST is currently tenanted at $560 per week. Although the tenants are on a month-to-month lease, they are eager to remain in the property, which is likely to appeal to investors. It includes a flexible floorplan and landscaped gardens. Buxton agent Paul Bond is marketing the property with price hopes of $700,000 plus. If it had sold for $700,000 that would be a gross rental yield of 4.2%, higher than the indicative gross rental yield for Hampton of 3%, 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. The property was passed in at auction on Saturday, August 27 on a vendor's bid of $710,000.

For more information about prices and yields in HAMPTON EAST, see the RP Data suburb page.

For more investment prospects going to auction this weekend, see pages 2 and 3.

 


 

11 The Parade, Blair Athol, SA, 5084

 

In an inner-Adelaide suburb, this house is likely to appeal to prospective tenants, with three bedrooms, three car spaces and a large backyard. LJ Hooker Walkerville agent Matthew Gryst says the property would be good for investors, as it is well priced and is in a tightly held, desirable area. Gryst is marketing the property with prices hopes of $390,000 plus. According to RP Data, the indicative gross rental yield for Blair Athol is 4.5%. It went to auction on Saturday, August 27 at 11.30am but was passed in.

For more information about prices and yields in Blair Athol, see the RP Data suburb page.

 


 

1/214 Queen Street, Altona, VIC, 3018


This two-bedroom unit is close to the train station, shops, schools and cafes, and it is also within a short stroll of the Altona foreshore. Its amenities and practical location could mean it is likely to appeal to tenants. It is being marketed by Biggin Scott agent Mary Tomasino with price hopes of $500,000 plus. The gross indicative rental yield for Altona is 2.9%, according to RP Data. It was to go to auction on Saturday, August 27 but was sold before auction for $650,000.

For more information about prices and yields in Altona, see the RP Data suburb page.

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