Investment Opportunity: Positive cash flow from year one
Published 24 Sep 2024 | Updated September 24th, 2024
3 min read by Property Ducks
SMITHS LANE - CLYDE NORTH (VIC)
Smiths Lane offers a prime opportunity to invest in one of Melbourne’s fastest-growing regions. This property offers the potential for immediate positive cash flow and is projected to double in value within the next decade.
Whether you're entering the property market or looking to diversify your portfolio, this is a prime chance to build long-term wealth through passive income and capital appreciation.
Don't miss out on securing a solid investment in a high-growth area!
Why should I invest in Smiths Lane?
1. Affordability compared to other inner-city suburbs.
This unique property, featuring 4 bedrooms, 2 bathrooms, and 2 car spaces, is available for $641,950 – well below Clyde North’s current median value of $750,000 for similar 4-bedroom homes. Additionally, you'll be investing in one of Melbourne's strongest property markets, all while borrowing less for a comparable property than you would in inner-city suburbs.
2. Price growth potential
The average annual price growth of 5% in the area indicates a healthy appreciation in property values, making it a promising investment opportunity. This consistent growth suggests that investors can expect their properties to increase in value over time.
3. Average rental income per week
With an average rental income of $650/week, this property presents a compelling opportunity for investors. Typically, this income would cover expenses such as the mortgage, property management, and maintenance, while still generating an additional weekly profit of $30 to $50 from the very first year.
4. Low maintenance expenses
New properties come with the advantage of significantly lower maintenance costs compared to older homes. With modern construction standards, up-to-date materials, and new appliances, you can expect fewer repairs and replacements in the first few years.
Contact us
If you have any questions about this opportunity, please contact us.
We would be happy to help you develop a tailored strategy to meet your individual needs.