Tighes Hill, Newcastle, NSW

CLIENT BRIEF

Purpose of Purchase: Investment

Property Type: House

Key Criteria:

  1. Strong yield
  2. Ability to add value in the future
  3. Up and coming area/suburb

Client Outcome

Key Positives:

  • Very close proximity to parkland and playground
  • 4.5km drive from Newcastle CBD
  • Close to local shops and Throsby Creek walking track
  • Solar Panel System to reduce energy costs and insulation in roof
  • Good size backyard with garden shed
  • Large covered outdoor area

A Successful Investment:

This was the 3rd purchase we have assisted our client with as they continue to build on their property portfolio. The focus was to secure a property that had a strong yield, in an area that is gentrifying and with future add value potential.

The property had been on the market for quite some time as the vendor was seeking a sale price in excess of 520K. We tracked the property for a lengthy period as we saw great value at sub 480K. In the end we managed to secure the property for 471K which was below our market value assessment. This was a classic case of capitalizing on a stale campaign and our client has managed to secure themselves an excellent investment grade property in an up and coming inner city suburb of Newcastle.

Location

Tighes Hill, Newcastle, NSW