6.5%+ Gross Yield with Potential Value Add
ANOTHER ONE....Purchase #64 by Easy Buyer's Agent. This is for our eastern state investor. Purchase price: $280,500. This is a 4-bedder sitting in a suburb that has shown 24.5% growth with median price of $330,000 and 0.5% vacancy rate. Expected rental of $350+/week, making it 6.5% gross yield. Read on.
Our buyer is an eastern state investor who is looking to add more into his portfolio with buy, hold and accumulate.
Our buyer is looking for a property that has potential value add. However, being in eastern state, doing major renovation is out of the equation. This property is indeed interesting. When we viewed the property, it turned out to be good enough. It was owner occupied previously which the seller had to move back to New Zealand. It has the potential value add (if necessary), however it is very livable as is. It has ducted aircon, solar panel, large shed. Everything is still in good working order.
What's more interesting, neat 4 bedders in the area have sold for more than $320,000. Property is sitting in a suburb that has shown 24.5% growth over the past 12 months with 0.5% vacancy rate. It can rent as is with rental valuation of $350+/week.
Looking to buy property in WA? You know who to call. We offer end-to-end property purchase service to ensure you get the property that ticks all your boxes. Let's just chat property, consultation is free. Until the next purchase. Peace.