Fleur & David
Congratulations to our latest Albury purchasers, Fleur & David.
Fleur & David were looking for a property to add to their investment portfolio. Initially, we explored properties in the $850-900k range; however, we identified multiple properties that we were looking at that needed more cosmetic work than what we were prepared to consider. I discovered another property that was far more suitable which was off-market and newly renovated, offering lower maintenance and a great set-and-forget option. We managed to secure this at a very competitive price as in our opinion if this had gone to market we feel we wouldn’t have been able to secure this property within our budget.
BRIEF
Investor - The property needed to provide ongoing, long-term capital growth with a moderate yield and low maintenance. It is a set-and-forget option.
OUTCOME
- Purchased: Off-Market
- Secured: Off Market with no competition
- Identified: No issues presented during the due diligence process
- Settlement Outcome: Settled
Returns
- Bought (Jul 2024): $800,000
- Current Value (2024): $840,000
- Rental Return: 5.13%
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