Purpose of Purchase: Sydney Residence/Investment
Property Type: Small low maintenance unit
- Sydney residence in Eastern Suburbs
- Ability to do short term rentals
- Minor renovations/upgrades
- Low price point for Eastern suburbs apartment
- Ocean views over Maroubra beach
- Ability to update/renovate to make their own mark
- Walking distance to the beach
- Ability to do short term rentals and generate a strong yield
A Successful Investment:
Our clients reside in the Blue Mountains and they were looking to secure a small 1 bedroom apartment for them to use when they go to Sydney. Coupled with this was the ability to rent the property out on a short term rental basis.
We managed to secure the 1 bedroom apartment with ocean views for under 500K. This was an excellent result for our clients as it was under their budget and enables them to renovate the apartment to create their own style of accommodation. The property will also be very attractive to the short term rental market due to its proximity to the beach, surrounding shops/restaurants and transport. A great outcome for our clients.