We recently secured this property off market for one of our clients.
$507,500 purchase price with recent 5 bedroom 2 bathroom comparable selling for $572,000.
This property has a long term tenant in place paying $560 a week. That is a gross rental yield of 5.73%! Huge return!
We negotiated this property hard and got the property $12,000 below what our clients were happy to pay!
We then used the Pest and Building to negotiate $4,000 worth of repairs to be completed on the property prior to settlement.