Client Name: 
Huw 

Client Occupation: 
Creative Director

Client Location:
Sydney, Australia

The Brief:
Huw and Cynthia were looking for their first investment property and came to Milk Chocolate to be guided by the best approach and handle the entire process for them as they were time poor and unsure of what to do. Their brief was to find a property in a great location with strong capital growth and rental yield that has the potential to be renovated in the future to manufacture equity. The returns from this property would be used to purchase their family home in Sydney. 

Purchase Reason: 
Investment

Property Address: 
Address withheld

About The Property: 
3 Bed / 1 Bath / 1 car - 738m2

This property is in a well-established area. The large open kitchen is functional, incorporating a meals area and easy access to the rear deck and backyard. With three good size bedrooms and an original bathroom with separate shower, bath and toilet. The property, although fine to lease in its current state, also offers the opportunity to upgrade through cosmetic and structural renovations when the time is right. This would include converting the outdoor patio area into a granny flat with its own side access and adding a fourth bedroom and master suite to the main house. 

• 8.9km by car to the CBD

• 3.6km to Westfield or 1.2km to the Town Centre

• 22mins by bus to the CBD

• 6min walk to shops and cafes

• 2 schools within 1.4km

Purchase Price:
$692,000

Purchase Method:
Off-market

Did We Renovate:
No

Rent:
$525/wk

Gross Rental Yield
3.95%

Our Services:

• Detailed brief and confirmed requirements with a reverse brief to the client

• Presented research findings and suburb due-diligence with our recommendation

• Commenced search and viewed properties on behalf of our client

• Sourced an off-market property for our client

• Presented recommended properties with the key information and cash flows

• Negotiate purchase price on behalf of the client

• Liaised with the client's solicitor and mortgage broker on the transaction

• Undertook a full renovation feasibility that the client will use to renovate the property when they are ready

• Recommended property managing agent

• On appointment worked with the managing agent to secure a tenant for the property

Testimonial: 

"An excellent company and complete property purchasing service. The guys at Milk Chocolate really know their stuff. I was looking for an investment property and they found me a great property that has already seen significant capital growth in the first six months. They took care of everything from start to finish. Really easy process with an amazing outcome. I have recommended them to many of my colleagues and friends. Great company!!"

Huw, Creative Director