2/395 Gilbert Road, Preston, Vic 3072

This quiet, light-filled and updated one bedroom unit, on a small block of only 5, presents a very affordable springboard onto the West Preston property ladder for first home buyers and savvy investors alike. Currently leased at $300p/w ($1304p/c/m) until Late Feb 2018, offering a brilliant rental yield of 4.88%! And with interest rates currently at an alltime low, that has got to be almost cash flow positive from day one!
First home buyers have the option to pay off double the mortgage while the tenancy is in place or enjoy minimal contributions for the remainder of the year.
Investors can simply enjoy a low maintenance, updated and well-maintained investment in a thriving location, with an excellent occupancy history behind it.
Positioned for absolute convenience with public transport at your doorstep, cafes, groceries, and Coburg Hill Shopping Centre, just a short walk away and Preston Market, the popular High Street strip and Preston station just around the corner.
Spacious interiors and a practical floor plan offering an updated kitchen and dining area with stainless steel Miele oven with gas cooktop, range hood and plenty of overhead and under bench storage.
A generous, air conditioned living, highlighted by glossy bamboo floorboards lining through to the generously sized bedroom with built in robes. Serviced by a large, modern bathroom and combined laundry with a separate toilet.
Outdoors, a privately fenced courtyard, ready for you to apply your own stamp and create an outdoor space you can enjoy year-round.
Commuting in every direction will become a breeze with just a 70m walk to the tram stop and an easy 30min commute to the CBD while you catch up on the latest news. If you decide to keep the car, there’s off-street driveway parking right out the front.