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Andy

Recently we had the pleasure of working with a lovely client who was keen to purchase a capital growth asset with attractive rental yield. It’s not often, nor in many localities around metro Melbourne where we can easily purchase a property which has all of the growth drivers for strong and sustained capital growth AND can offer attractive rental yields, but we are aware of these special pockets and property types. This particular townhouse on its own title in Melbourne’s inner western suburb of Newport was no exception.

Not only is this property ideally located within easy walking distance from the shops and station, but it faces a park and features a secure lock up garage with direct entry into the townhouse. Best of all, this three bedroom, two bathroom, two storey townhouse offers a gross rental yield of 4.4% and being just seven stations to Southern Cross station , it is a property which will enjoy consistent capital growth in a desirable and upward area

 

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