The Brief
Our investor client was looking for a quality property with strong rental returns and clear value-add potential. The brief was simple: low-maintenance, well-located, and offering upside in either yield & equity.
Our Approach
With a sharp brief and focused criteria, we identified an oversized two-bedroom apartment in a well-regarded building in Parramatta.
What made it stand out:
- North-facing with loads of natural light, fully renovated with park views
- Spacious floorplan with scope to add a third bedroom
- Well Maintained Building with No Upcoming Works
We guided the client through the due diligence and auction process, ultimately securing the property below the client’s reserve price—a standout result in a competitive market.
The Result
The apartment was purchased with a net rental yield of 5.25% from day one. Planning is now underway to convert the space into a three-bedroom layout. Once complete, we anticipate:
- A rental yield increase to around 6%
- An equity uplift of $100,000–$150,000 based on comparable sales
Key Client Benefits
- Expertly secured at auction – Purchased below their reserve price in a competitive setting
- Value-add potential – Planned third bedroom conversion for increased equity and rent
- High-quality location – Reputable building with park views in central Parramatta
- Turnkey condition – Renovated and ready, reducing holding costs and time to lease
