Friday form guide: Yields of up to 5.6% in Ulladulla

44 Timbs Street, Ulladulla, NSW, 2359

The tenants of this three-bedroom house are paying $270 per week and are on an expired lease. Raine & Horne listing agent Lyn Chambers says this is at market rent, and the tenants are keen to stay on. The property is close to walking tracks and parks, and the 807-square-metre block includes a garage.

Chambers is marketing the property with price hopes of $250,000 plus. If it sells for $250,000 that would secure an investor a gross rental yield of 5.6%, significantly above the indicative gross rental yield of 4.4%, 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 $6,000 and over five years to be $18,000.

The median house price in Ulladulla fell by 9.7% in the past year, according to RP Data.

The property will go to auction Saturday, April 28 at 11am.

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