12 Ormond St Ashfield, NSW 2131

Type of property: Apartment

Reason of purchase: Investment

Location: 7/12 Ormond Street, Ashfield

Property Journey:

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!