As a buyer’s agent, we can act for property buyers regardless of their location. For example, an out-of-town client approached us wanting an investment property in the Newcastle market. He had been searching for some time on his own, but lack the local knowledge required to uncover property gems.
The process started by creating a profile on what each suburb offers in terms of return versus capital growth for his budget and the types of properties to expect in each area.
We were able to provide advice on which areas have older properties, so would likely have higher maintenance costs, which areas have shown significant recent growth, and which areas had the potential to spike in value, delivering growth in the near future.
We identified and presented him a selection of on and off-market properties in each of the areas we recommended. Thus we were able to snap up this great house in a lovely cul-de-sac with a lush bush outlook before it went to market. The property is an ideal entry into the popular suburb of Charlestown. The family home was in immaculate condition as an investment property. It was ready to move straight in away or update and take advantage of the large block and convenient location.
This client purchased 5 Attunga Cl, Charlestown for only $680,000 – an excellent property investment. A perfectly located property near Charlestown Square, schools, beaches and public transport.
- Bought: $680,000
- Appraised: $670,000-$730,000
- Rent: $580pw
- Return: 4.4%
If you need a hand securing an investment property? Let us help you save your time and money. Contact Property Solutions 101 today for an expert buyer’s agent touch.
