Purchased: $1,700,000
Potential Rent: $1,380.00 per week
Potential Rent in May 2024 $1,500.00
Current Yield: 4.2%
Potential Yield: 4.5%
Our client was looking to invest $1,800,000 to secure a property with good capital growth and yield.
After informed discussions with our client we suggested buying 2 properties giving him stronger yield and capital growth.
We inspected and purchased Unit 2 which was on market and used our negotiating skills to purchase Unit 1 off market.
These 3 bedroom, 2 bathroom townhouses with single garage are both tenanted therefore securing immediate rental return for our client on settlement.
We negotiated and bought both properties for $1,700,000. With the $100,000 savings, our client was able to pay our fees and stamp duty for less that his original guide.
Contact Property Solutions 101. Discuss your Newcastle commercial and residential property management and buyer’s agent needs.
