This beautiful lakefront property is currently an incredibly high performing holiday rental, generating $79.2k in bookings since 1 December 2015 (as at 19 Dec 2016). Completed bookings in its first 12 months of operation (1 Dec 15 to 1 Dec 16) were $54.5k. It has achieved a better than 10% gross yield in its first year. Full figures, month by month, are below. This could be the perfect SMSF investment! The security and stability of blue chip waterfront property with an outstanding income stream.
Perhaps you want to retire to Encounter Lakes in the future, but not yet. This property can be holiday rented with a great yield until you are ready to move in. And in the meantime, you can enjoy your holidays on the lakefront in this beautiful house.
If you are ready to move in now and enjoy all the lifestyle benefits the lake offers, pick the date and we will have it ready for you.
The features of this unique property include:
- kitchen (including massive kitchen bench with breakfast bar and waterfall end, new stainless steel appliances with dishwasher, canopy rangehood, big walk-in pantry and space for a double door fridge)
- two new bathrooms (one is a three room bathroom - shower/bath, toilet and vanity, and the other is an ensuite to the main bedroom)
- new stylish lighting throughout including LEDS in the main living area
- new flooring throughout (floating timber floor in living and hallway areas and carpet in the bedrooms)
- new plantation shutters in the main bedroom and slimline blinds and wooden venetians in the other rooms
- 4 panel bi-fold doors to create indoor/outdoor living to the lake
- internal courtyard makeover
- exterior makeover
- new 27sqm outdoor living area (completed first week December 2016)
- backyard makeover.
The heart of the house is the open plan living, dining and kitchen area which overlooks the lake. The wall mounted slimline, HDTV is visible from all locations in this room (including the internal courtyard), and can even be swivelled to watch from outside! This space is currently configured with a solid timber dining table that seats 8 people, a breakfast bar that seats four, and 2 x three seat leather couches to relax and enjoy the peaceful ambiance of Encounter Lakes.
The front of the house has a contemporary rendered finished, new oversize timber and glass door, modern colour scheme and landscaping. There is a garage with internal access to the house, and a corner work area with built in shelving.
The house has three good sized bedrooms, two with walk-in robes and the third with built-in robes. The main bedroom has its own brand new ensuite, pendant bedside lighting, a walk-in robe and beautiful plantation shutters for ambiance and privacy. The second bedroom has a built in-robe and views through to the courtyard and the lake beyond. The third bedroom has a walk in robe. The first and second bedrooms have wall mounted HD TVs.
The house has been fitted out with stylish new furniture, electrical equipment, appliances, kitchenware, new bed linen (including quilts, pillows and electric blankets) and artwork (all of which can be included in this sale by negotiation). This property is a stunning, contemporary home, and a super comfortable and appealing holiday house.
This lake front property has its own upgraded floating pontoon (so it is never flooded) and gorgeous views of the lake through to the hills from the open plan living area. New timber bifold doors open out on to a porch and fully enclosed rear garden. A brand new canoe is provided for fun on the lake. A full lap of the lake is a 4km return trip – so there is plenty of exercise to be had for those so inclined! The pontoon has a swimmers ladder for easy access in and out of the lake.
This property will suit an owner occupier (what a lovely, easy care place to retire to - so close to local services - a general store and cafes are 5 mins away, hospital is 4 mins away, supermarkets and all the delights of Victor Harbor are about 6 minutes away, the magnificent Victor Harbor library is 5 minutes away, the beach is just a few minutes walk) or a family looking for a holiday home that pays for itself.
We operate a boutique high touch Encounter Bay based holiday rental company with a small portfolio of very high performing holiday rental properties. We are willing to continue to manage this fabulous property for you, if that suits you. This is a very unique offering and the yields may seem to good to be true at first glance. We have full records of every booking for this property since 1 December 2015 and will happily answer all due diligence questions you have. You are very welcome to call us and we can discuss whether this property might be a fit for you.
HOLIDAY RENTAL FIGURES
The rental income earned since 1 December 2015 (excluding bonds) is as follows:
December 15: $7000
January 16: $7963
February 16: $3136
March 16: $5157
April 16: $4591
May 16: $2280
June 16: $2577
July 16: $4233
August 16: $3103
September 16: $3250
October 16: $5328
November 16: $5301
December 16: $9169
January 17: $8561
February 17: $2983
March 17: $5286
April 17: $5265 (as at 20/3/17)
Forward bookings after 1 April 2017: $11.8k
Total bookings from 1 December 2015 to 30 April 2017: $93.5k (as at 20/3/17).
Average gross weekly income to 30 April 2017 (73 weeks, excl. bonds): $1,280 (this average will drop a bit as we head into the winter months).
Inspections are welcome when the property is not occupied by guests. Please call or email to make an appointment. We can also send through extensive financial documentation for all of our booking history and forward bookings. We understand that these income figures seem a little too good to be true, and will provide full verification of all financial claims.