This is a house situated in 1/RP602430 Mount Morgan QLD. Comparable sales have been around $90,000. In the council area Rockhampton Regional, featuring 2 bedrooms and 1 bathroom.
2 Bed Cottage Older style weatherboard, tin roof. Sold, occupied by renter, not vacant possession.Currently rented at $165 per week returning $8580 per year, around 8% return gross.On a $10k deposit repayments can be as low as $5376 per year giving a profit of over $3k, more than enough to pay rates and insurance. This property is an excellent way to get into the investment market, paying itself off and being in a mining town is sure to increase in value rapidly as the gold starts to come out of the ground.