Price reduced even further. Owners want to sell ASAP and will accept the best offer around $133,000. This three bedroom home is in a desirable street, close to shops and schools. With an updated kitchen, good bathroom with bath and shower and the house recently repainted internally, this is an attractive investment opportunity.

You may find a cheaper house in George Town but with this home you will not need to spend $20,000 - $40,000 on a new Kitchen and/or Bathroom to attract and keep a good tenant,

It has a Daiken inverter heat pump, brand new HWS, lockup garage and garden shed. It also has the convenience of a separate toilet with both internal and external access to the laundry and toilet.

The current tenants have been in the property since November 2013 with the lease running to November 2015. The tenants have expressed a strong desire to stay long term after that time and are excellent tenants. The latest agent’s Condition Report confirms just how well the tenants are looking after the property.

The current rent is $185 per week with the market figure being $200 per week. Although this would give a return of 7.8% per annum gross, you may want to keep it at $185 to make sure you retain these fantastic tenants!

George Town has been experiencing very high occupancy rates in recent times with very few properties available to rent in this price bracket. A spreadsheet is available showing the number of properties available for rent each week in George Town in this price bracket since July 2014. There have also been very few properties advertised for sale around the $133,000 price mark so you will need to move quickly to secure this property.

While the tenants wish to stay in the property, they have kindly advised that they are prepared to move if someone wants to purchase the home for their own use and vacant possession is required by a purchaser.

George Town is on the banks of the Tamar River and is Australia's third-oldest settlement after Sydney and Hobart. It is a well serviced town supported by major industry, tourism, vineyards and orchards and is only 35 minutes from the City of Launceston.

A full range of primary and secondary schooling is supported by transport to Launceston for further studies including the University of Tasmania Launceston campus. A childcare centre, family day care and playgroups provide for the needs of families with younger children.

A good size full time medical practice, visiting services and the George Town District Hospital all service the area’s health needs.

A variety of organised sports, both indoor and outdoor are offered, and numerous community groups meet regularly, catering for social interests.

All these add up to making George Town a great place to live or to own an investment property.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.