This property was purchased on market for $420,000. The vendor wanted $450,000 for this property and we were able to negotiate the price down using a vendor rent back option for our offer to stand out. A comparable property recently renovated sold for $436,000.
This property has recently been renovated and is a 3 bedroom, 1 bathroom, 3 garage property on a large 620m2 block. Rental appraisal on this property at $440 a week making this a 5.44% gross yield.