Purpose of Purchase: Investment
Property Type: House
- Strong capital growth
- Very low maintenance
- A good long term investment
- Well maintained house in a popular location, no immediate maintenance required
- Close to city and popular entertainment areas
- Fully renovated throughout, preserving character features
- Quiet street with easy access to bus transport
A Successful Investment:
Our clients were looking to diversify their investment portfolio by adding a quality Newcastle asset to their portfolio. We focused on an inner city pocket of Newcastle that is going through a significant gentrification process and is within a very short commute of the Newcastle CBD.
The property we identified was scheduled for auction, however there were a number of interested parties and the vendor was keen to sell prior to auction. After several competing offers, the property was secured by us for a price below our recommended upper limit. Our client has now secured a character, low maintenance investment grade asset in one of Newcastle’s most popular up and coming locations.
PMC Region Profile: View more information about Newcastle here
PMC Suburb Profile: View more information about Maryville here