Client Name: 
Withheld

Client Occupation:
Self employed

Client Location:
Hong Kong

The Brief: 
Our client wanted to grow their existing portfolio and engaged Milk Chocolate to undertake the research and purchase of their next property.

Purchase Reason:
Investment Property

Property Address: 
Regional Victoria (commutable distance to the Melbourne CBD)

Purchase Price:
$375,000

Purchase Method:
Private Treaty

About The Property: 
3 Bed / 1 Bath / 3 Car - 601sqm

This home was recently renovated by the previous owners, with a renovation that ticked all the boxes and was completed to a high standard, illustrating the care and love that has gone into this property. A decent size yard that is north facing and perfect for entertaining - with the added bonus of a rear deck, the icing on the cake. The property does sit on a block of land that is large enough to sufficiently extend and add value in the future. This is a strong drawcard that allows the benefit of manufacturing further equity and increasing rental yields.

• Walkable distance to neighbourhood amenities

• Located on a nice quiet street

• Well maintained

• The suburb has seen significant growth of 17.71% in the past 12-months and our indicators point to strong continued growth in the future

• A short walk to one of the best private schools in the state

Our Services:

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

• Commenced search and viewed on and off-market properties on behalf of our client

• Presented recommended properties with the key information and cash flows

• Presented town planning advice and maintenance costs per property

• Handle all the negotiations on behalf of the client

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

• Undertook extensive building inspections

• Project managed the pre-tenant maintenance

• Are the managing agents for the property

Did we renovate:
Not required

Rent:

$350/wk

Gross Rental Yield:

4.85%