Our client engaged our services to find an investment property in Newcastle with a good yield and for a healthy budget of $850,000. Our team is regularly reviewing approximately 20 properties per week, giving us a deep understanding of the market and what’s available.
As a result, we were able able to secure this Edgeworth properly efficiently, holding an inspection with the client on the Wednesday and exchanged contracts on the Friday.
Only four years old, this Edgeworth property offers modern fittings and features across three bedrooms, two bathrooms and single remote control garage. It is a Torrens Title duplex on an easy-care yard well below the client’s budget and for a yield over 4.6%. This is an excellent outcome for our client!
Purchased: $777,000
Actual Rent: $695.00
Yield: 4.6%
