Our client brief asked for an apartment in a Boutique Apartment Block in the inner west of Sydney, NSW that would deliver a solid rental return whilst delivering longer term capital growth. Our research found a fantastic off the plan one bedroom apartment in Newtown, NSW for $705,000 that included a underground car park that was expected to fetch $750 per week rent upon completion. Our client was living overseas so we managed every step of the purchase process including liaising with Conveyancers, Brokers, Real Estate agent and then directly with the builder. We assisted the client with their choice of inclusions including floor coverings, tile colours, appliances and blinds and ensured that all defects were rectified by the builder prior to settlement.
We worked with the Rental Management Agent to have the property marketed online prior to completion so that we could have tenants ready to move in as close to settlement as possible. We successfully selected a corporate couple to move into the property at $750 per week.
Recent market indication have the property maintaining good growth with an estimate value of $795,000.
Comments