Purpose of Purchase: Investment
Property Type: House
- Capital Growth
- Rental Yield
- Low maintenance
- Blue chip location, 10kms from the CBD
- Has had some recent renovations
- Potential to add a back deck
- Low maintenance and easy care block of land
- Air conditioned
A Successful Investment:
The property was presented to us as an off-market listing. We managed to secure the property prior to the owners polishing the floorboards, painting the interior and then putting it on the market. During the building inspection our inspector found an issue (past blockage) with the sewer pipe. We had our plumbing contact come out and inspect the property with a drain camera. They found that the entire sewer pipe had become inadequately and would need to be upgraded. We managed to negotiate that the owners would rectify the sewer pipe prior to settlement and at their cost, which they did.
Our client was very happy with the result.