Apartment at Ascot, QLD 4007
Type of Property: Apartment
Reason for Purchase: Investment Property
Address: Ascot, QLD 4007
Property Journey:
Jordan purchased this apartment in Ascot for the client who had been deciding between making an investment in either Sydney or Queensland. The property was initially presented to Cohen Handler when it was off market, months prior to the purchase. At the time, the owner wanted $420,000. Although it was a great property, its price was higher than it’s considered value and it was subsequently put onto a watch list until it reached the right price.
With patience, Jordan negotiated the price to $380, 000, which in the end was $50,000 and $15,000 cheaper than the last two comparable sales within the block. Given the current softening Sydney market and tightening of the Brisbane market, the clients were happy with their decision.
About The Property:
This first floor, 2 bedroom, 1 bathroom Ascot apartment is perfect for an entry level buyer or the astute investor. Peaceful and quiet surroundings are offered in this excellent sized apartment. With low body corporate fees and great rental returns, this apartment offers relaxed style living with a short stroll to popular Racecourse Rd shops and cafes, public transport, Brett’s Wharf and Portside, and less than 10 minutes to the airport and CBD.
- 2 bedrooms with built ins
- 1 bathroom
- Living / dining area
- Large north facing balcony
- Quiet location
- Well maintained complex
- Lock up garage
