Private sale in West Auckland
Client Brief: 3rd property we had purchased them and they wished to achieve something with a higher yield than their previous purchases, 6% plus. Final yield was just under 7% after renovation. Significant equity was a bonus.
Purchase date: Oct 2010
Purchase Price: $269k
Equity on purchase: $46k
Land: 675m2 – coastal
Dwelling: 3 bed, 100m2 – plus garage plus carport
Rent: $390 p/w
Background: Private sale, owner did not wish to take to market. E+O had renovated and tenanted within 2 weeks of settlement. Client did not wish to paint exterior.