Solid Home, Solid Investment
Suburb: Edwardston
Client Type: Interstate Investors
Service: Search > Assess > Negotiate > Let
Budget: $650,000
Purchase Price: $640,000
Property: 3 Bed | 2 Bath | 3 Car
Land: 564sqm
Weekly Rental: $520pw
Rental Yield: 4.23%
We were engaged by interstate clients to find and secure them a solid investment with strong capital growth potential. They wanted a quality home, one with character and that would appeal for years to come.
In an incredibly competitive market with limited stock we didn’t rush and made sure we found and bought the right property for the right price. It can be difficult as a buyer to not let your emotions make a bad decision. We missed out on a property or two, but when investing it is important to buy smart not with heart.
We found a beautiful 1940’s Art Deco home with character features throughout in Edwardstown, an area of rising popularity. Edwardstown is an inner southern-western suburb located approximately 6 kilometres from the CBD. This makes it a short 15–20-minute commute to town and with public transport nearby, a short distance to the beach and plenty of shopping facilities at hand it will be very popular with tenants.
We went to the first public open and there was a line over 40 metres long with people waiting to inspect! And that’s all it took, one open. The selling agent organised a best offer campaign and all the interested parties got ready to throw their hats in the ring.
Our recommended conveyancer reviewed the contract and we used our strong relationship with the agent to ensure we were in the box seat for appealing to the vendor’s wants and needs for this sale. We played our best card and walked away with the prize.
We arranged a building and pest inspection during the cooling-off period to ensure the property was structural sound. Our clients were holding their breath the whole time, and couldn’t believe it when we told them the keys were there.
We ran a short rental campaign, with an open held prior to settlement, we received a huge amount of enquiry and strong attendance at the open and that’s all it took. The owner was able to consider multiple applications once we had thoroughly checked and vetted them and provided a shortlist of approved tenants.
We look forward to seeing this gorgeous property be home to our new tenants and a successful, solid investment for our clients for years to come.
As time-poor individuals, my wife and I contacted Katherine to assist us in our search for an investment property in Adelaide. From the initial discussion about our investment objectives, through to the acquisition of the property, Katherine worked tirelessly to ensure we were only recommended the best properties. However, in an increasingly competitive market, we were always at risk of having to overpay for a quality property.
It took us 4 months before we secured a property, and as frustrating as it was to have lost out on multiple properties to buyers paying big dollars above the market value, we are grateful to Katherine for helping us stay focused on our investment objectives and not succumb to market pressures. With Katherine’s help, we eventually secured a gorgeous property. Kate also had tenants organised weeks before settlement, with the rental yield exceeding our expectations.
We have dealt with very reputable buyers agents in the past but found Katherine’s no-nonsense, honest approach an immense pleasure to work with. Thank you both!:)
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