Lamrock Avenue – Bondi Beach

Stuart Jones & Tessa Flanigan

This client engaged Rose and Jones to source and secure properties for their portfolio. This is the second of many to complement their tailored strategy.

The property needed the fundamentals of a solid investment. We tailored our strategy to deliver this.

After inspecting several properties both on and off-market, we ultimately purchased this home in Bondi.  This property is the second we are adding to the clients portfolio. Our strategy is to use this investment to diversify the portfolio by purchasing in different pockets of Sydney – thus further mitigating market risks.  

The property is a good land bank in a tightly held locale. It provides a level walk to Bondi Beach, plus easy access to Bondi’s amenities, parks, schools and transport. It will suit both an unfurnished and furnished rental & is a very attractive Airbnb/short term rental.

The property will deliver a strong and growing yield and provide a hedge against inflation through the current cycle. As well as deliver strong capital growth over the investment timeframe of 15+ years.

With high barriers to entry for competing properties, plus relatively tight supply, this asset underpins value and capital growth for the future as a long-term investment. Using our analysis to provide clarity on a purchase price range, we were able to secure the property with a strategic offer prior to the auction, $80,000 under the price guide & what we were prepared to pay at auction.

CLIENT TYPE:

Investor

SERVICE TYPE:

Buyers Agency

PURCHASE PRICE:

Confidential

TRANSACTION TYPE:

Pre-auction

ZONING:

Residential

BEDROOMS:

4

BATHROOMS:

3

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