Justin came to us after sitting on the sidelines for too long. He wanted to get into the market and was looking for an opportunity in Sydney. With a max budget of $1.8m, he was after a property that would give him capital growth and strong cash flow.
Finding that in Sydney was going to be tough but we earmarked Seven Hills as the place to invest for a house and granny flat.
After 2 months of searching and a couple of missed opportunities that just went too high, we nailed down an amazing 5 bedroom house and granny flat in a premium pocket of Seven Hills for $50,000 below asking price.
The owners were interested in leasing back the granny flat at $550 per week and we leased out the front home for $890 per week, a total of $1,440 per week or a rental yield of 4.4 percent, well above the suburb average of 2.97 percent.
What is even better is that within days of securing this property, another comparable property sold for $1.85m, $150,000 more than what we had paid.
