This property was purchase on market and due to our strong relationship with the agent were able to secure this property for $431,500. This was not the highest price on offer. $430 a week rental appraisal 5.18% yield.
The property is $30,000 under comparable properties making on a large 741m2 block. Property is located in a quiet owner occupied appealing street.
We were able to negotiate $2,000 using the Pest and Building report, have a couple of cosmetic issues fixed by the vendor and an air conditioner unit thrown in for free. Our client can now add more value through the air conditioner unit and price reduction of $2,000.
South Australia purchase.