…a boutique renovated villa unit in Brunswick East

We recently had the pleasure of assisting two very special repeat clients with their investment purchase. We carefully chose the inner north, knowing that our target spend of sub-$500,000 needed to deliver attractive, long term capital growth – but also a better-than-average rental yield to assist them with their ability to hold the asset for the long term.

Often investors aim for growth to the detriment of rental yield, but there are suburbs on offer which will deliver an attractive balance of both. The key to ensuring rental yield remains above 4%pa is to target properties with nice internally refurbished spaces. Tenants are attracted to high quality, newer renovations or constructions – and by adhering to a selection criteria which delivers a strong Land to Asset Ratio and an attractive interior, an investor can enjoy the benefits of growth and rental yield.

After the very first weekend of inspections, our clients gave a green light rating to this fantastic villa unit in a boutique block of just eleven in Brunswick East.

Supported by public transport amenity, parklands and a great array of nearby cafes and restaurants on nearby Nicholson St – and offering an exciting array of places to enjoy at neighbouring Thornbury and Brunswick, tenants could be spoilt for choice as they work through the various dining options over the course of a lease.

Our property ticked every box on our criteria list, however our challenge was ensuring that we could buy within our budget on auction day.

Once we knew we had an opportunity to buy the property prior to auction, we prepared for contract–signing, organised a building inspection and pounced with our offer in the face of competition. The closed envelope “best and highest” system is nerve-wracking for everyone, but our due-diligence and preparedness to make a 30 day offer delivered our clients the result we’d hoped for.

Bought swiftly and decisively for $465,100 – we were thrilled to deliver the news to our clients.

Now they can look forward to strong rental demand, a low maintenance asset and attractive growth prospects as they sit back and let their property get to work for them.