Client Name: 
Withheld

Client Occupation:
Advertising Executives

Client Location:
Sydney, Australia

The Brief: 
Our clients are Australian locals with ambitions to start a diversified Australian property portfolio. We were briefed to locate a property that is situated in a blue-chip location with long-term growth potential. Tasked with finding the best areas to purchase in, the best property to purchase and undertaking a full due-diligence on each property, we landed on the perfect investment property for our client.

Purchase Reason:
Investment Property

Property Address: 
Ballarat, Victoria

Purchase Price:
$551,000

Purchase Method:
Auction

About The Property: 
3 Bed / 1 Bath / 1 Car - 534sqm

A quaint investment property that will appeal to families, located in close proximity to many stores and cafes. The previous vendors had renovated the property internally and it presented beautifully, with wide hallways, high ceilings and beautiful bay windows. Whilst externally the property needs a little TLC.

• Located walking distance to many stores and cafes

• Wide hallways and high ceilings

• Less than 10 minute drive to the highest ranked private school in the state

• Easy access to public transport such as buses and trains

• Only a 6 minute drive to the city CBD

Our Services:

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

• Recommendations on states, regions and suburbs that matched our clients investment goals

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

• Presented recommended properties with the key information and cash flows

• Presented town planning advice and renovation costs per property

• Bid on behalf of client at Auction

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

• Undertook extensive building inspections

• Managed minor internal maintenance and major external cosmetic works prior to the tenancy

• We are also the managing agents for the property

Did we renovate:
Yes, minor maintenance works internally and major cosmetic works externally, including demolishing outhouses, building new fences and gates, complete external painting and complete landscaping of the front and rear yards.

Rent:

$430/wk

Gross Rental Yield:

4.05%