For this purchase we were chasing the ‘holy grail’ of property investing – high growth, high yield and future development opportunity. This purchase needed an “X Factor” and our local knowledge ensured this property was located in a master planned area allowing future development potential for multi units. Whilst ensuring long term capital growth, there was also a significant cashflow opportunity.
Results:
The property was converted into x6 bedrooms and rented on a per room basis resulting in double digit yield.