Petersham, NSW 2049

Type of Property: Apartment

Reason for Purchase: Investment Property

Address: 12/121 New Canterbury Rd, Petersham NSW 2049

Property Journey:

This investor client had a very challenging budget and because of that, had been looking at all kinds of properties that in all probability wouldn’t have made him any long term capital growth. He had considered Melbourne and Sydney but luckily, his financial instincts kicked in and he pulled out. Feeling frazzled and confused, his mortgage broker suggested he speak with Cohen Handler and that he did. Having been so consumed in his search, he understood the expertise and value that we offered and he quickly came on board with Elaine Davies.

Even with a tight budget, Elaine was determined to get him an investment property that would perform well. After searching the Inner West and Eastern Suburbs, Elaine took her client through this property on a Wednesday and purchased it just two days later for $560,000 – well under market value with a yield of around 4.6%. The client was amazed and incredibly excited that he had been able to secure a well laid out apartment with amazing views in a pet friendly block of 12. The mortgage broker was also pleasantly surprised and sent Elaine an email saying, “Thanks again for your help with all of this, you’ve done a spectacular job!”

About the Property:

This apartment is a stunning, split level property with district views to Botany Bay and delivers designer living, over-stunning levels of peaceful and private light-filled space. Set within a boutique building of only 15 apartments, accessed from Hunter St. Located in the heart of Petersham with a wonderful range of cafes, restaurants and boutiques at your doorstep.

Features:

  • Flowing living area combining balcony
  • Soaring ceilings and loads of natural light
  • Solid black butt hardwood floors throughout
  • Loft style bedroom with built-in
  • Spacious bathroom, internal laundry
  • Pet friendly building
  • Boutique complex with lift access
  • Built in August 2014
  • Air conditioned
  • Gas stove and hot water

Purchased by:

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