Purpose of Purchase: Expat – Experienced Investor
Property type: Low set brick home (3beds + 1Bath + 2Car parks)

Land size:  600m2

Budget：Below $500,000

Purchase Price: $420,000

Purchased on: Jan 2021

Yield and rental info: 
Vacant on purchase but we secured a tenant for him within two weeks after settlement.
Leased at $480/week
Rental yield on purchase of 5.9%
Based on last year of sales, Birkdale has translated to a 32.5% capital gain.

How this purchase met the clients brief:

• Under client’s budget
• Good growth area with reasonable rental yield
• Close to public transport

This client, who resides in Hong Kong, tasked us with finding a well-located property that offers both potential value appreciation and a respectable rental yield. He is open to investing in minor renovations to enhance the property’s appeal to long-term tenants. We successfully acquired a 3-bedroom home for him within his budget, and it was significantly below market value. We also facilitated all necessary renovations. The property is conveniently situated within walking distance of a train station, parks, and shops.