Friday form guide: Yields of up to 5.8% in Seaford

7/70 Nepean Highway, Seaford, VIC, 3198

Directly opposite the beach, this two-bedroom Seaford unit is currently let until August at $245 per week. The property comes with a courtyard for entertaining and carport, and it is within walking distance of Seaford village.

Barry Plant agent Peter Howard says it is in "liveable condition" but that it could use "a small bit of an update". He says that any renovation to the proprety would increase its rental potential. The median asking rent for Seaford units is $275 per week, according to RP Data.

Howard is marketing the property with price hopes $220,000 plus, and if it sells for that price that would secure an investor a gross rental yield of 5.8% at its current rent, substantially above the median indicative gross rental yield of 4.3% for Seaford units, 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 $3,000 and over five years to be $5,000.

The median unit price in Seaford rose by 1.5% in the past year, according to RP Data.

The property will be open for inspection Saturday, April 21 at 11am and will go to auction on Saturday, May 19 at 11am.

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

For another investment prospect going to auction this weekend, see page 2.

49 Macquarie Street, Greenacre, NSW, 2190

This three-bedroom house is currently tenanted at $500 per week, which is market rent for the area, according to listing agent Bassam Barake of Elders Real Estate. The lease is expired but the tenant is keen to stay on. The 670-square-metre block includes a garage and garden shed.

Barake is marketing the property with price hopes in the "high $500,000"s. If it sells for $580,000 that would secure a gross rental yield of 4.5%, about at the indicative gross rental yield for Greenacre houses of 4.6%, 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. If it sells for $600,000, that would secure an investor a gross rental yield of 4.3%.

Washington Brown estimates the first-year tax depreciation deduction to be $4,000 and over five years to be $9,000.

The median house price in Greenacre rose 3.2% in the past year, according to RP Data.

The property will go to auction Saturday, April 21 at 3pm.

For more about prices and yields in Greenacre see the RP Data suburb page.