- Purchase Price: $550,000
- Equity day one: $40,000
- Gross rental yield: 4.44%
- Off-Market Purchase
We have recently settled on this property for one of our clients. This property was purchased off market for $550,000, a comparable property just two streets away recently sold for $590,000. The property secured has 5 garages, even with one garage space being converted to an additional room. This can be used as a study or another bedroom opposed to the comparable on the same size block with 1 garage space and no additional converted spaces. That’s a minimum of $40,000 straight into the deal from day one. Imagine making 7% the day you take ownership of the property.
- Taylored Market knowledge
- Taylored Strategy
- Taylored Strong Negotiations
- Taylored structured system to determine value
BUT WAIT IT GETS BETTER!!
Due to our high level negotiations with the agent and high quality property management team we were able to market the property before settlement which resulted in having a tenant in place before settlement occurred. Our client was able to achieve $20 a week higher than the cashflow analysis completed on the property when securing it. Resulting in $1,040 in additional income per annum that our client wasn’t expecting.
- This suburb has had 38% growth in the last 12 months
- This property is located 1.3 klms to the water
- Reduced vacancy due to finding a tenant before settlement
- $40,000 or 7% growth from day one
- Large 600m2 block
