Our client was looking for a low maintenance home in a location close to his workplace.
We viewed a couple of properties in the area, but nothing ticked his boxes.
Because of our good working relationship with the local agent, we were advised of
No 5 being off market. The agent also advised that if we liked No 3, he could arrange for the existing tenant to move next door, and we could purchase No 3.
We did and our client was overjoyed. Purchased below his budget, near new and walking distance to the shops, schools and cafes and close proximity to his workplace.
Purchased: $840,000
Potential weekly rent: $700.00
Potential Yield: 4.3%