Type of Property: Apartment

Reason of Purchase: Investment

2 2 1

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.