Property Type: Townhouse, Investment
Address: Trafalgar Street, Annandale
The purchaser was a repeat client that had used our service to secure a family home in Newtown. Earlier this year they decided to diversify their investment portfolio. With their children getting older and soon planning for University, this property would serve as a long-term investment but also provide a secure place for them to live while studying. Our team tailored a strategy to purchase a “set and forget” asset which would provide long-term capital growth at minimal expenditure. We purchased this Annandale townhouse well below market value and in a competitive environment. One comparable that we used was for a less superior townhouse which sold for $1,310,000. This was over $100,000 more than what we paid for a larger, more renovated townhouse with an extra bathroom and garage. Our clients were extremely happy!
This impressive townhouse had recently been renovated and was positioned on 185sqm. It was in a small development of only eight townhouses and only a minute’s walk to the center of Annandale Village. It had north facing entertaining areas, a large courtyard, double parking plus a huge 17sqm storage cage on title.
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