We ran the numbers on a property just 7kms from Hobart’s CBD - and discovered that it would be a great deal, but only for the right price. We negotiated for three months on our client’s behalf to get this deal across the line, but the time and effort was all worth it when we secured the property for almost $30,000 under the original advertised price!
Our renovation team got to work on a total internal and external overhaul of the property, costing just $40,000. Once the renovations were complete, the home felt almost ‘as new’.
Finding tenants was easy for such a well-presented property; it was leased within a few days of the renovation being completed.
For a total spend of just over $260,000, we delivered to our client a tenanted investment with an excellent rental yield, and substantially improved the capital value of the property.
A great example of one of our favorite sayings: “The profit is in the buy price!”