Our interstate client seeking a balanced investment wanted a low-maintenance property on a big block with good capital growth prospects and a healthy rental yield.
This was the second time purchasing for this client and we had a good working relationship and knew what types of properties this client would like.
We have a number of selling agents that contact us when they have off-market properties on their books and through this network, we found a great property.
A vendor (seller) wanted to sell their property and rent it back until they found a new property to live in. For the vendor, they felt this reduced their risk by knowing how much money they had to shop with and time on their side to find the right property.
The property was a 3 bedroom, 1 bath brick home built in 1985 on 704m2. The property was neat and tidy and needed no work. Located in Reynella it would attract different types of tenants as it provided easy access to the city, the southern beaches, McLaren Vale wine region, Flinders University and Flinders Medical Centre. The house was in a great position close to the expressway but not too close!
We completed a private inspection and knew this property ticked every box. As the property was off-market with the vendor’s need to organise a rent back we were able to negotiate for the property under no competition. We secured the property for $595,000 and conducted a building and pest inspection in the cooling-off period.
Our client had 100% trust in our services and recommendations for the building and pest and conveyancing. We are now managing this investment for our client to ensure she achieves the highest performance possible.
Our client was so happy she left us a glowing 5 Star Review.