Perouse Road – Randwick

We purchased this property on Perouse Road Randwick, after our client engaged us wanting to acquire an investment property. The strategy was to ideally secure an apartment that had renovation upside by the addition of a second bathroom.  The property needed top be in a small manageable block with lower levies, close to transport, amenity and in an area that had protection from large scale development but advantaged by infrastructure upgrades and a natural tenant pool.  We secured this unit at “The Spot”, Randwick, which is close to the POW Hospital, UNSW, Coogee beach and the new light rail.  The apartment was found off market but vendor expectations weren’t where we saw value so after the second week of the on market campaign and strategic negotiations the property was secured at a level inline with our analysis. The client is looking forward to engaging us again to look for their next investment.

Contact Rose & Jones Senior Buyers Agent, Stuart Jones, to help assist you with finding and securing your next investment property.

CLIENT TYPE:

Investor

SERVICE TYPE:

Buyers Agency

PURCHASE PRICE:

$1,100,000

TRANSACTION TYPE:

Pre-auction

ZONING:

Residential

BEDROOMS:

2

BATHROOMS:

1

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