Ashfield, NSW 2131
Type of property: Apartment
Reason of purchase: Investment
Location: 7/12 Ormond Street, Ashfield
Looking to grow his property portfolio and add a third investment property in a bullish market was going to be a challenge for our client. He has previously bought 2 investments in the Inner West, however the market had shifted quite a bit since then and he was finding it much more challenging. Competition was extremely high in the sub $450,000 price point across the Inner West, however we managed to secured a great 1 bedroom apartment with parking in one of Ashfield’s best streets for $430,000. This returned a 4.8% yield and growing annually at approximately 17%. This journey took just over 4 weeks from the date we started our process.
About the Property:
Beautifully Renovated Apartment!
Located in a well maintained security complex, this well presented, fully renovated 1 bedroom unit is located in one of Ashfield’s finest streets, opposite Ashfield Park and only a short stroll to schools, transport and shops.
Peacefully situated towards the rear of the block, this unit embraces a modern lifestyle with both comfort and convenience.
Other features included;
- Spacious bedroom
- Open plan lounge/dining area
- New modern kitchen with gas cooking
- Fully renovated bathroom
- Freshly painted with new carpets throughout
- Car space
This property was a great opportunity for our client, an astute investor as it will be a great asset for years to come!