One Way to Achieve a Higher Rental Yield From Blue Chip Property | WHAT DO YOU THINK, CHRIS? | Ep 126

  • 2 years ago

10/30 Eaton Street, Neutral Bay, NSW 2089

We purchased for a client

$720k

Rent circa $500 per week unrenovated or $550 per week renovated = 3.6 – 4%

https://www.realestate.com.au/sold/property-unit-nsw-neutral+bay-139328295

PROS
– Nice location close to harbour, shops, cafes, transport
– Balcony off living area
– Bathroom not off bedroom
– Decent sized bedroom with built in
– Lock Up garage
– Potential to add value through renovation
– Small block of only 15 units
– High demand from a rental perspective
– Leafy outlook from balcony
– Not many 1 bed units in blue chip areas you can buy for $720k that are still a decent size

CONS
– Shared laundry (however if renovate can probably find a spot for it internally)

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