Type of Property: Apartment
Reason of Purchase: Investment
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When a client comes to us with a searching brief, it’s often a mix of needs and wants.
Our aim is to achieve all the needs, and as many as the wants as possible within their budget.
In this case, I think we ticked them all off the list!
- Sub $400,000 Price point (Tick)
- 2 bed 2 Bath (Tick)
- Close to the CBD and Public Transport ( Tick & Tick)
- Small Complex ( Tick)
This original condition 1990’s unit is rentable as is, with opportunity to add value in the short to medium term, and after negotiating an amazing price that was around $20,000 less than anticipated, the client was over the moon!
Fast Facts:
Purchase Price:$358,000
Rental Return: $350 Per week in current condition 5% gross rental yield
Bed / Bath / Car: 2 / 2 / 1
Proximity to CBD: 1.5km Direct Line
Notes: Boutique Block of units, in prime location opposite park, with city views.
