Description
This property was an off-market deal that our agent sourced for Premium Buyer Service clients, who area based in Wellington. This property matched the requirements our clients had to purchase, and while off-market does not always mean it is better value, in this case, all on market comparisons were between $70,000-$100,000 more expensive, so there was great instant equity built in to this purchase.
Our clients were looking for a multi income property - one that maximises income off the site, however they were not looking for a large project/renovation. This property is near new and as it is a duplex, it means that each 2 bedroom home is on its own individual title. This results in the gross yield being slightly lower than two dwellings on one title, but it does allow each home to be sold down individually at a later date, thus giving our clients a safety net and ability to sell one and keep on in the future if they so choose.
Congratulations to our buyers to secure this great property with no other competition and all while being able to do this from outside of the region!