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BIG BANG for This Property Investor

BIG BANG for This Property Investor
April 23, 2014 Bridget

big-bangThis is a BIG BANG for this property investor’s buck.

  • 2-bedroom, spacious apartment in WESTERN AUSTRALIA
  • new carpet, freshly painted, new oven, updated bathroom
  • outdoor patio and private courtyard adds extra space and a point of difference
  • located in a small, low maintenance complex of 8
  • situated within walking distance of city centre, university, hospital, and beach

The property was listed for sale at $249,000 and appraised by Propertyology at $235,000 – $250,000.

We were successful in negotiating the purchase for our client last week at a low $230,000.

The vendor had left the property vacant for sale purposes. We have negotiated terms which provide our buyer with the right to secure a satisfactory tenant prior to settlement. A local property manager has indicated that the property will rent for $260pw-$280pw.


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