Client Name:
David Jamieson
Client Occupation:
General Manager
Client Location:
Patong Beach, Thailand
The Brief:
David is at the beginning of his property journey and over the next 10 - 15 years to build a portfolio that will give him a passive income for retirement.
Purchase Reason:
Investment Property/commence property portfolio
Property Address:
Canberra, ACT
About The Property:
3 Bed / 1 Bath / 2 car - 804m2
This family home is in a great location on a large corner block. Set amongst really well-presented homes that are well kept and manicured in a predominantly owner-occupier area. It's perfectly located within walking distance to Southern Cross Drive (proposed light rail route) and Latham Primary School. The property was quickly snapped up by a family on a longterm lease and has the ability to add value in the future by way of a structural or cosmetic renovation.
Growth area in walking distance to the proposed light rail route
In close proximity to public transport routes to the Belconnen Town Centre and Canberra CBD
Within walking distance of public and private schools in the area
5min drive to the general grocery store
10min drive to the Belconnen Town Centre, including Westfield
Purchase Price:
$525,000
Purchase Method:
Auction
Did We Renovate:
We will in the future
Rent:
$510.00/wk
Gross Rental Yield:
5.05%
Our Services:
Detailed brief and confirmed requirements with a reverse brief to the client
Presented research findings and suburb due-diligence with our recommendations
Commenced search and viewed properties on behalf of our client
Presented recommended properties with the key information and cash flows
Set the auction bidding strategy
Bid at the auction on behalf of the client
Liaised with the client's solicitor and mortgage broker throughout the process
Undertook a full renovation feasibility
Presented extensive data to show the potential of the property post-renovation
Recommended property managing agent
Worked with the property manager to secure a tenant