The first thing to look for when investing is location, a location that offers ammenities, infrastructure, transport, schools, shops & medical services. Consider this, 241 Wakedan Street is within 800m of all of these and current land value sits at $128,000. Look at the development already taking place in the location & look at those developments which have already completed.Currently returning $190 per week, you will receive instant income. All that is required now is for you to decide the return on investment you require, is it 4% or 5% or 6% or 7%. When you hit the number that makes this a smart decision, book an inspection asap & start negotiating.