Monterey, NSW 2217
Type of Property: Villa
Reason for Purchase: Investment Property
Address: 1/23 Robinson Street, Monterey NSW 2217
The client, an investor seeking to build a property portfolio for security in her late life has returned for another purchase. Having purchased a property with good growth 12 months ago, the capital growth that she has experienced allowed the client to invest again this year. The client had a budget of $900k to work with and was looking for as much land value as possible for her in an area that has consistently done well from a capital growth perspective while keeping yield in mind as well. We decided to search for a villa in the St George area and stumbled across a brilliantly positioned 3-bedroom villa located 100m from the water in one of the best streets in Monterey. We acted quickly and took out the competition, securing the property for less than most 2-bedroom villa’s in the area sell for.
About the Property:
Bringing together good proportions, light filled interiors and the added advantage of holding pride of place at the front of a small complex of five, this well-proportioned villa promises low maintenance living in a very convenient lifestyle address. It enjoys a great position within walking distance to the beach, shopping and surrounding parklands.
The generous three-bedroom layout is fresh and bright throughout and presented in great condition, but could possibly benefit from an update that would bring an added appeal.
Other features included;
- Set at the front of a small complex of five
- Neat and tidy throughout, bright interiors
- Three generous bedrooms include one with built-ins
- Good-sized living space with high ceilings
- Original dine-in kitchen and a full bathroom
- Front verandah and a private rear courtyard
- Air-conditioning, lock-up garage plus off-street parking