It’s amazing how much one can achieve when they combine capacity, with motivation, and expertise…
This is the fifth property that Propertyology has purchased for this client in just over 12 months. We’ve helped them construct a property portfolio which is currently spread across three (3) different states, in a combination of personal names and via self-managed super, and with a healthy mix of different economic drivers.
The previous owner of the property featured here was a single lady who purchased the property for $415,000 four years ago and subsequently spent an estimated $40,000 on renovations. We appraised the property at up to $425,000 and then successfully negotiated the purchase for $411,000.
The market where this property is located has started to rise quite strongly and the outlook for the next few years is very exciting!
This 3-bedroom brick house has two bedrooms, a second living room, is fully air conditioned, and is on a 711m2 flat block. The recent renovations conducted by the former owner means that the carpets, paint, and kitchen are all relatively new. It is anticipated that the property will rent for between $410 and $430 per week with good potential for growth in coming years.