Purpose of Purchase: Investment
Property Type: House
- Quiet location
- Good level of natural light
- Possible to add value through cosmetic renovations
- Close proximity to transport, shops and schools
- Low vacancy rate
- Strong growth prospects
- Good size, solid brick dwelling.
- Low maintenance, useable fully fenced allotment.
- Strong rental yield, 5.0% gross.
- Potential to add value.
- Very close proximity to shops, parks, schools and new train station
A Successful Investment:
The client secured a solidly built family home that’s was within a 5 minutes’ drive to the new Kippa Ring Train Station. We secured the property in a multiple offer scenario and at a lower price than the other interested parties due to have stronger contract conditions.
Post negotiations, the agent had another buyer look through the property and they submitted a back-up offer which was over $10,000 higher than the price we had negotiated for our client.
This was a great result for our client to secure a set and forget style low maintenance investment and at a lower price than what other buyers were prepared to pay.