Secured: An off market sub dividable duplex site in the desired suburb
Identified: a number of small items presented during the due diligence period but nothing of concern
Settlement outcome: The property was sold with tenants already in situ.
Bought Feb 2015: $295,000
Appraisal Aug 2016: $315,000 (un-renovated, not yet subdivided)
Rental Yield: 5.8% pa
As newcomers to the market we were motivated to purchase a regional investment property but didn’t feel confident is finding the right property for us. We were very time poor and weren’t able to carry out the due diligence we knew was important when purchasing for an investment.
We are very happy with our decision to consult Property Mavens before making such a large investment and would recommend to others.
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