23/60 Drumalbyn Rd Bellevue Hill
Price: Inspected 19.3.20 -$450,000-$475,000 (For sale) - Price per m2 based on 38m2 @ $450,000 = $11,842
Rent: Vacant: Was rented for $500 p/w
Rental Return: Projected Gross Yield based on Selling Agents Rental Appraisal: $500 p/w @ $450,000 = 5.77%
Features: 1 bedroom apartment: Approximately 38m2 - Capital works contribution p/q$1,212. Admin levies: $240 p/q - Last Sold on 28 May 2015 for $395,000
Attributes: Blue chip location surrounded by $6-$20 million dollar houses. Close to Bondi Junction, Double Bay & Bondi Beach.
Comments: High levies due to capital works levy, which is payable for another 6 quarters. The building layout and aspect is average. Good location and great yield if you can find a tenant for $500 p/w as suggested by the selling agent..
Rating: 3 out of 5