Knowledge Is Power
- 1 Bed
- 1 Bath
Finding it hard to secure a property at a price that offers you a fair return on your hard earned capital?
Take the time to understand the remedial issues in this superbly located complex. Take the time and you will be rewarded.
This apartment complex has a serious re-clad process to go through. As the owner you will have to contribute towards this cost. Its less than you think...
Similar sized units in this superb location are selling for almost double the asking price of this apartment.
Do your sums-purchase price plus estimated cost of repair plus a margin for error.
You will need to purchase using equity in another property or with cash as the high street banks will not provide a mortgage until the work is completed. This is actually good news- it means that you won't be competing against every crazy buyer with bank funding in an auction room. Less competition equals lower price. Lower price equals a higher yield.
To learn more about this interesting niche in the city market, please call for a chat.