Type of Property: House
Reason of Purchase: Investment4 2 2
After several weeks of searching, inspecting, and evolving our search we finally found THE ONE for our Aussie Expat Clients!
This property was successfully purchased on market in a competitive offer situation for less than the other offers! But not only was this property purchased below market value, this property offers a great opportunity for future value adding with an amazing land value to underpin the investment.
Secured for the Low $800’s this property was well purchased by Zoran Solano from the Hot Property team, considering the 2017 Land valuation of the property was $700,000, that is an amazing 86% Land to Purchase Price Ratio which is Amazing considering the great condition of the dwelling on the property.
In addition this property achieved around the high 3% gross rental return which is a solid rental return for this style of blue chip property investment, moving forward there is opportunity to increase this yield with cosmetic renovation and improvement.