Purchased post Auction
Property passed in
Purchased: $700,000
Potential Rent: $450.00
Yield: 3.34%
A young couple came to us looking for not only their first home, but a property they could add value to, to begin building their property portfolio. Most of the properties within their price range were in outer suburbs. However, we managed to find them this inner-city gem – perfect for our builder client! We went to the auction, where the property was passed in. We negotiated in the following week and secured it for $700,000.
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