Property Location: Bellevue Hill
Our repeat clients had a successful formula with renovating neglected character apartments in prime locations, and renting out to executive tenants.
We knew what worked best for their strategy, where these properties were, and the best way to buy them.
We located an elegant Art Deco apartment that had been on the market for a long time with another agent, and we had been monitoring the progress of this property until the vendor was more motivated to sell.
We began negotiations on this 3 bedroom apartment, with huge upside potential and lock up garage. The rare gem offered harbour and district views, generous sized rooms, providing a house-like feel and an easy stroll to Bellevue Hill village, transport, Bondi Beach and the green fringe of Cooper Park.
Our clients were thrilled with the outcome and excited to begin their next renovating journey.
Two months later, the property was completed and rented out for a great return.
Works included:
Purchase price – $1,350,000
Renovation cost – $47,000
Market value after renovation – $1,600,000 to $1,650,000 approx.
Rental return before renovation – $600 per week
Rental return after renovation – $990 per week
Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
