Adelaide’s south is quickly becoming a popular destination for all kinds of buyers – particularly young owner-occupiers. Given the signs of gentrification the region is showing coupled with its excellent access to Adelaide’s CBD, it’s easy to see why.
This month, we were fortunate enough to help an Australia-based client get into the southern Adelaide market. We purchased a property that offers an excellent return on investment both now and into the future.
The home is a 1970s low-set brick build on a generous 660sqm block. Combined with its ample living space – three bedrooms, one bathroom, a sizeable lounge area, and space for two cars – and proximity to good schools, it’s the ideal property for a young or growing family. Equally, the home offers great access to the rest of Adelaide including the city centre and beaches.
We purchased the property for c. $450,000 via private treaty and our client undertook minor maintenance updates, keeping the overall budget in line with their brief.
So, given this’ll be an investment property, what’s in it for our clients?
The home offers a rental yield of 5.3%, which is a very decent return, and because the area is still in a period of rapid growth, its value will increase substantially over time.
It’s a result we’re really happy with, and no doubt our clients are, too.
Would you like to know more about this case study or are thinking about purchasing and want some advice? Book a complimentary 30-minute session with a Milk Chocolate purchasing expert by clicking here.
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