Prime location - 7/268 Penshurst Street Willoughby NSW 2068 in CASTLECRAG, New South Wales for sale

$738K And Neg!
On sale by Owner is a quality two-bedroom apartment flat with lockup garage at one of the Sydney's prime locations
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Facts
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• 10 minutes walk to Chatswood CBD - one of Sydney's larget trendy shopping complex and centre of cultural varieties
• 3 minutes walk to traditional shopping street
• Convenience and quietness among leafy environment
• friendly and long­term stable neighborhood
• spacious living and bedrooms
• two entries
• fully bright and airy top floor, no dark corners, no odors, doors and windows in all directions
• hight ceiling provides good climate even in hot summer
• spacious common areas
• quality full brick building of 60s provides non­harzardous living
• flat high land shape provides easy and healthy living
• no harzardous settings such as power transformers, tunnels etc nearby
• Company Title strata management provides low on-going fees at $1185 per quarter inclusive of council rates and strata management fees; however imposed no extra restrctions than modern Strata Title buildings.
• Pet allowed
• Currently rented out to very good and reliable tenants till end of November, buyer can choose to renew the rental contract
• Current rent $530/week net - buyer automatically inherits the income on the day of purchase.
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Calculation - How much it is worth
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• Special note: RP Data provides wrong renting figures to primary realestate website domain.com.au
http://www.domain.com.au/property-profile/7-268-penshurst-street-north-willoughby-nsw-2068
• It states listing days for rental was 219 days - wrong, it was 2 days;
• It also states rental price is $495/week - wrong, it is $530;
• Consequently its estimated (High Confidence) medium price of $695000 is wrong, the actual medium price is $744000 as projected by actual rental price;
• Consequently its actual Rental Yield is 3.74%, which is higher than the 3.67% average in the area.
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The above numbers are fact based - no gimmicks - simply solid bricks for cash
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