Some opportunities don’t last a full day on the market. When this four bedroom, two bathroom, two garage investment property was listed, Blue Key moved on it within three hours, securing it before it had a chance to attract wider competition.
The purchase price of $490,000 came in under the suburb’s median, and the property was already tenanted at a 5.8% rental yield, with a further rent increase due in September. Walking distance to local shops and cafes adds tenant appeal, while cosmetic updates leave room to build further value over time.
For an investor focused on strong fundamentals and fast execution, this is the kind of result that comes from having eyes on the market the moment a listing goes live, and the systems in place to act on it immediately.
The Result:
- Purchased under the suburb median
- Tenanted at a 5.8% yield, increasing in September
- Secured within 3 hours of listing
- Room to add value through cosmetic renovation
