4/24 Pelissier Street, SOMERSET TAS | $279,000
This spacious townhouse is one of six along a private driveway and have ocean views. If you are after an easy and readymade investment, everything is in place for you. There is a tenant in place with a secure lease until 2020 and the construction year in 2010 ensures it will continue to offer the smart investor a hassle-free period of investing.
The lower level features a big bedroom or second living area as well as a formal entry and the garage, which provides easy access to the property. Upstairs, the large open-plan living/dining/kitchen area enjoys all-day sun and connects to the deck for easy indoor/outdoor living. A reverse cycle air conditioner services this part of the unit for comfortable year-round temperatures while the good-size kitchen has plenty of bench space, a corner pantry and stainless steel appliances.
The bathroom is located down the hall and it features a shower and bath, with a separate toilet. The second bedroom has built-ins, whilst bedroom one has a walk-in robe, ensuite and access to the deck.
This is really a superb package and really will be a great addition to an investment portfolio
Property Information & Outgoings
- Title Reference: Volume 164453 / Folio 4
- Property ID: 3228633000
- Built 2010
- Land Value: $50,000 / Capital Value: $250,000
- Lease current to 11/11/2020 at $330.00 per week
- 4% rent increase in 2019
- 2018/2019 Waratah / Wynyard Council Rates - $1,416.98pa (approx)
- Tas Water Service Fixed Charges - $1,001.12 per annum approx
- Land Tax - $361.79 approximately PA
- Management Fees - From $1,201.20 + GST per annum
- Existing fixed floor coverings, light fittings and window furnishings
- Underbench oven
- Ceran cooktop
- 'Daiken' wall mounted reverse cycle air conditioner
- 'AquaMax' 160 litre hot water cylinder
- 2 x 'HPM" bathroom heater with exhaust / lights
- Existing insect screens
- 2 x sliding screen doors
- TV Antenna
- 2 x Mains-powered smoke detector
- Control-a-door unit
Documents & Useful Links
Please have a look through the relevant document links below.
Should you have any questions, don't hesitate to call.
Purchasing A Property Through First National Burnie
Purchasing residential real estate can be a very exciting process, however it can also be confusing time for the prospective buyer. As you may already be aware, different agencies usually have different sets of rules and standards, so we would like to inform you of the buying process should you decide to purchase a property through First National Burnie.
Should you decide to make an offer on one of our listed properties, we will ask you to confirm the following details, enabling us to help you in the best possible way.
- The actual purchase price you will be paying for the property
- The amount and method by which you choose to pay the deposit, e.g. cheque/cash/bond/other
- The settlement period that you require
- The name of your chosen solicitor or conveyancer
- The name of your bank or financial lending institution
- Any special conditions or requests that you may have so that we can inform the vendor (property owner).
Once we have the above information on a signed contract, we are in a position to arrange a meeting with the vendor and present your offer.
Property owners receive all types of interest – some genuine, some not. Some people submit verbal offers to test the possibility of a sale, but do not actually stay true with their offer.
This can lead to frustration and concern for the owners as they try to assess who is actually a genuine buyer. The best way to present a strong offer for the purchase of property is to make it on a formal contract document. A verbal offer is not legally binding and should not be relied upon by either party. This clearly demonstrates to the vendor that you are serious about your offer. Please be aware that when you sign a contract to purchase real estate in Tasmania there is no cooling off period.
Also be aware that if making an offer, never assume that your agent or the property owner will come back and forth to you – and you should take the approach that your first offer may be the only opportunity you get to obtain the property. A willing seller may not wish to wait around and may accept a reasonable offer from another buyer.
Once an agreement on price, settlement, conditions, etc has been reached and signed by all parties, the sale can proceed.
Option 1: unconditional contract
An unconditional offer is when you offer an amount to buy the house as listed (with or without drapes, fixtures, etc) without adding or negotiating any other conditions and makes both parties committed to an instant, legally binding relationship. There is no turning back.
Option 2: conditional contract
A conditional offer is when you offer to buy the property only if certain conditions are accepted by the vendor. These must be listed on the Contract of Sale. For example, your offer may be conditional on arranging finance. If finance cannot be arranged within a certain period of time or the amount you require to complete the purchase, the offer becomes void. For your own protection, you should nominate a specific lender as your source of finance. Leaving out a nominated lender or having open-ended finance conditions on the contract may force you to take up finance at substantially higher rates, perhaps shorter terms, and from a lender you would not prefer to deal with.
If you are wishing to seal a deal, it is important that you understand the commitment level required by both the purchaser and vendor.
If you want to make an offer, be certain that you can follow through by having the following items confirmed:
- A pre-approval of finance from your bank or lending institution
- Your own property sold, or at least assessed for value and possible sale time
- You have a solicitor or conveyancer selected
- Determine how you will be paying the deposit and associated costs eg stamp duty
- An idea of settlement times required before you take possession.
Before you purchase any property it is important that you consider organizing a building report from a qualified building inspector so you know if there are any structural defects with the property and what they might cost to fix. This will be at your expense and can vary anywhere from $500-$800. We recommend if you proceed with a building inspection that you make it a condition in the contract. Most people are shocked with the report they receive on the home, and most times misinterpret the report, e.g. the home is 24 years old and … is in need of new roof tiles. Roof tiles last approximately 25 years and need replacing on every home at that age. The point to remember here is that all homes at one time or another require maintenance, and that this is known as a capital improvement on the property.
Preparation is the key. Understand your rights and have everything in place. If you follow the advice in this document and First National Real Estate’s Home Buying Guide, along with that of your solicitor/conveyancer and your First National Burnie agent, you will be on your way to securing the right property for you. Whether you are considering purchasing property in the near future, or are currently in the process of buying a property through another company and in need of advice, please feel free to call any of the First National Burnie sales team with any questions that you may have. We will be happy to assist you.
(Please keep this information on file, you will find it helpful during the sales process as a reference guide).
Property Management Services with First National Real Estate Burnie
Please take a few moments to ask yourself some important questions in regards to your future investment Property.
Of most importance are the following questions:
- “How do I ensure my Property is managed to its full potential?
- How do I maximise the return on my investment?
- How soon can I expect a suitable Tenant renting my Property?”
The First National Real Estate Property Management Team will answer these very important questions for you when introducing you to their Property Management Services.
Whether you have a single investment Property or a Portfolio our flexible fee structure and Personal Management Plan is backed up by our written Service Guarantee. You stand to benefit significantly.
Please feel free to call me to arrange an obligation free presentation of our services.
Office 03 64327800
Do you currently own an investment property?
If so, we can provide you with important information from our investor support service including the current rental environment in our market.
We would love the opportunity to discuss how we are currently helping rental property owners maximise the return on their investments.
In the meantime, feel free to drop by our site and visit our Landlord Resources page as an introduction to our Property Management services.
We look forward to helping you further.