Type of Property: House
Reason of Purchase: Investment3 1 1
This property was purchased for an investor looking for a property they could get some instant capital growth in with a post settlement renovation while also increasing there gross rental yield.
The property is a 1960s property mostly original throughout with the addition of a small deck off the rear of the property. This property has a great layout with large bedrooms as well as a large living and separate dining area which is perfect for value adding. Sitting just 9km from the Cbd this property will be a great start for the clients investment portfolio, with the large land component a key component in the strong growth of this property’s value in the coming years.
After settlement the client undertook a renovation of the property, removing and replacing the Kitchen, and creating an open plan living area, fully repainting the property internally, replacing the Shed in the back yard, installing Build in robes to the bedrooms, and the list goes on.
Now the property is Leased and performing well for our client.