- Purchase Price: $450,000
- Equity day one: $55,000
- Gross rental yield: 5.08%
- Off Market Purchase
This is a recent purchase for one of our clients. This property was recently secured off market for $450,000. A comparable property 200 metres from this property recently sold for $505,000. $55,000 straight into the deal or 12% based off comparable property. Comparable sale is a 4 bed 2 bath 2 garage and a similar size block to the purchased property. This property is currently tenanted meaning that our client will have no vacancies on this property from day one.
- This suburb has had 25% growth in the last 12 months.
- Vacancy rate of 0.3% as of March 2022.
- 5.08% gross yield
- Large 600m2 block
- Low maintenance property
- SEQ purchase
- Taylored Market knowledge
- Solid Strategy
- Taylored Strong Negotiations
- Taylored structured system to determine value
