This property was purchased on market for our clients purchasing their second property with TPW this year! We were in contact with the selling agent within an hour of this property going online, had our offer verbally agreed on and a signed contract in place in less than 24 hours. Time is crucial when negotiating and we were able to secure this property before the first open for inspection eliminating the competition.
This property is a 3 bedroom, 2 bathroom, 2 garage property on a large 650m2 block.
We secured this property for $430,000. $50,000 minimum on the way into this property based on a recent comparable sale only 500 metres away on a smaller piece of land and only a 3 bedroom, 1 bathroom property that sold for $480,000. The rental appraisal on this property is $420 per week making this a 5.07% gross yield.
This area is still in extremely high demand with properties selling after the first open home.