Client Name:
Withheld
Client Occupation:
Advertising Executives
Client Location:
Sydney, Australia
The Brief:
Our clients are Australian locals with ambitions to start a diversified Australian property portfolio. We were briefed to locate a property that is situated in a blue-chip location with long-term growth potential. Tasked with finding the best areas to purchase in, the best property to purchase and undertaking a full due-diligence on each property, we landed on the perfect investment property for our client.
Purchase Reason:
Investment Property
Property Address:
Ballarat, Victoria
Purchase Price:
$551,000
Purchase Method:
Auction
About The Property:
3 Bed / 1 Bath / 1 Car - 534sqm
A quaint investment property that will appeal to families, located in close proximity to many stores and cafes. The previous vendors had renovated the property internally and it presented beautifully, with wide hallways, high ceilings and beautiful bay windows. Whilst externally the property needs a little TLC.
Located walking distance to many stores and cafes
Wide hallways and high ceilings
Less than 10 minute drive to the highest ranked private school in the state
Easy access to public transport such as buses and trains
Only a 6 minute drive to the city CBD
Our Services:
Detailed brief and confirmed requirements with a reverse brief to the client
Recommendations on states, regions and suburbs that matched our clients investment goals
Sourced on and off-market properties and viewed on behalf of our client
Presented recommended properties with the key information and cash flows
Presented town planning advice and renovation costs per property
Bid on behalf of client at Auction
Liaised with the client's solicitor and mortgage broker on the transaction
Undertook extensive building inspections
Managed minor internal maintenance and major external cosmetic works prior to the tenancy
We are also the managing agents for the property
Did we renovate:
Yes, minor maintenance works internally and major cosmetic works externally, including demolishing outhouses, building new fences and gates, complete external painting and complete landscaping of the front and rear yards.
Rent:
$430/wk
Gross Rental Yield:
4.05%