Big Block, 30% below suburb median, 7.5% rental yield

Today's special find:

Asking $160,000 in a suburb with median of $230,000

Big block land - 1030 sqm,

3 bed, 1 bath Weatherboard home.

Currently leased at $230 per week, ie, 7.5% rental yield

Potentials:

- Positive Cashflow Property

- Reno-flip

- Subdivision (subject to council approval)

- many more.