All Topics / General Property / Waterfront unit 4 years old $212,100 renting $320pw past sales between $400-500k video of property aswell

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  • Profile photo of Nathan BirchNathan Birch
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    @nathan-birch
    Join Date: 2004
    Post Count: 189
    April 27, 2010 - 4:14 am

    Just a quick one here. Thought I would do a youtube of a property I purchased 3 months ago in NSW to show that the deals are still out there!

    Purchase price $212,100.
    Comparables at time of purchase $300,000
    Current rent $320pw

    Yeild 7.8%

    Past sales between $400,000-$500,000.

    Highest sale in block $850,000.

    You be the judge!

    http://www.youtube.com/watch?v=ayrkWRVMBkw

    Nath.

    Profile photo of fredo_4305fredo_4305
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    @fredo_4305
    Join Date: 2009
    Post Count: 336
    April 27, 2010 - 4:45 am

    Hi Nathan, I watched the clip.  Who were the other 12 for?  Are you a buyers agent?

    Profile photo of Nathan BirchNathan Birch
    Participant
    @nathan-birch
    Join Date: 2004
    Post Count: 189
    April 27, 2010 - 4:52 am

    Hi Fredo,

    The other 12 were purchased for other investors, yes via the buyers agency.

    Just thought id put the clip together as a bit of educational tutorial to show that the deals are out there in todays market.

    Nath.

    Profile photo of blackhotelblackhotel
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    @blackhotel
    Join Date: 2010
    Post Count: 140
    April 27, 2010 - 6:25 am

    Enjoyed your clip. The place looks empty but you say current rent $320pw. Have the tenants left?
    Is that road the highway out front?

    Profile photo of Nathan BirchNathan Birch
    Participant
    @nathan-birch
    Join Date: 2004
    Post Count: 189
    April 27, 2010 - 7:12 am

    Thanks Blackhotel, The tenants were kicked out. However there are many tenants sending in applications, and will be let straight away now place is fixed and cleaned. I couldnt get out onto balcony, so opened the window and popped my head out for lighting, hence the traffic.

    It was peak period on a long weekend, not a main road at all however the window I shot the video from was, towards the lake and that is a low – medium busy road. Very quiet area though.

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