Est Market Value: $325,000
Property Description: 4 bedroom, 2 bath, highset
Strategies: Under Market Value, Granny Flat, Positive Cashflow, Capital Growth, Cosmetic Renovation
We are so excited that this property has finally settled, and that our clients have purchased a great foundational asset for their portfolio. Not only is it solidly cashflow positive, but we managed to negotiate this for $40k under comparable market value.
Our clients are so happy, in fact, that we’re already talking about property number 2!
This particular area has seen rental demand increase strongly over the past few months, indicating an increase in population pressure, with vacancy rates just over 1.5% and trending downwards.