Attributes: 2 bed 1 bath 1 car
Gross Rental Yield: 6.9%
Acquired Via: Private Treaty Sale
Time to Acquisition: 3 weeks
Our client was seeking a cashflow positive property interstate, with the ability for capital growth, all on a budget of under $250,000.
We located a property in a beachside suburb with strong historical, and forecast, capital growth.
The unit itself was neat, modern and within walking distance to the beach and cafe lifestyle of the neighbourhood. The property was not likely needing any capital outlay on upgrades or maintenance for at least 5 to 10 years.
The purchase was made within 3 weeks of our client engaging our services. Needless to say, our client was very happy and has purchased through Kitty & Miles since.