Cambridge Gardens, NSW 2747
Type of Property: House
Reason for Purchase: Investment Property
Address: 4 Carlyle Crescent, Cambridge Gardens, NSW 2747
Clients were investors wanting to diversify their property portfolio, however they were time poor and unsure of where to buy. The strategy was to buy a positively geared property with development potential. After meeting with the clients and chatting about their needs and wants, Andrea shortlisted several Western Sydney suburbs which suited the clients budget and strategy. Andrea then shortlisted a brick 3 bedroom, 2 bathroom home in great condition. The property fits requirements to construct a granny flat in the short term to positively gear the property. Long term, this property fits the requirements of a duplex site. Andrea negotiated the purchase price to $615k, $30k under market value. Once the property settles. clients already have equity to purchase another investment property.
About the Property:
Duplex/Granny flat site!
This solid brick home is located in a prime location with an easy walk to shops and schools. Internal features include three bedrooms plus a study, an en-suite to main and a huge family/dining area. It has a well appointed kitchen, a separate lounge area, and ducted air conditioning throughout for added comfort. Positioned on the high side of the street with approximately 18.2m frontage.