Erskineville NSW 2043
A 3 bedroom 2 bathroom house/terrace/semi in Erskineville.
Renovated or near new in a convenient location close to transport, shops, cafes and other amenities so as to attract strong tenant appeal.
Budget – up to $1.4m.
The client was looking for an investment property in a popular inner city location. Being a busy professional with a young family, the client decided the property search would be more effective in the hands of an experienced buyers agent.
After a thorough review of on and off market opportunities over a 4 week period, it was decided to pursue the above property in Erskineville which was going to auction.
Despite there being 8 other registered bidders, the buyers agent was able to secure the property within budget at auction.
Due to the property’s location and impeccable condition, it was leased the day after settlement. The client was very satisfied with the result, particularly as the rental yield was over 4% and, with depreciation benefits, was cashflow positive from day 1.