10% yield a requirement for this client
Our clients were looking for a high yielding property, so we suggested considering a unique property type that would allow for a maximum rental return.
We purchased this 4 bedroom, 2 studio sleep outs, 2 bathroom property for $589K in Hamilton. The property was being rented on a room by room basis that now provides our client with a rental return of approximately $1165 per week, a yield of 10.28% yield.
On a full, freehold site, this easy care section is well suited for tenancy, and there is potential to add value to increase yield over time.