St Marys - Sydney
Capital Growth and climbing!
Over a 14 month period the equity grew by 40%…….
Capital Growth and Positively Geared.
Fantastic 4 bedroom double brick residence on 1/4 Acre block with in-ground pool purchased for $445,000. The renovation on this property was minor, only $10,000. Painting, carpet cleaning, electrical works, small repairs……Market Value sits at $650,000 just 18 months after purchase date, providing a $200k + equity gain and returning over $540/week in rental income.
This property sits in an area that has massive development potential and with infrastructure and services upgrade to the Local Government Area it will continue to grow in value.
We had the Property re-valued recently….
Paid $445,000
Spent $ 10,000
Market Value: $650,000
Some of this equity was released and used for another purchase.