Preston, VIC 3072

Type of Property: House

Reason for Purchase: Investment Property

Address: 4 Bellarine Street, Preston VIC 3072

Property Journey:

A professional couple had been considering an investment property with strong capital growth prospects as part of their wealth creation strategy for over three years – but had been held back by the time constraints & the challenges inherent in searching for a property with two young children. Scott bought off market & well under what the property would have likely achieved at auction – a double fronted Edwardian with a large land component rapidly gentrifying suburb in Melbourne’s inner north circa 9km from the CBD. The property is in the most desirable locality within the suburb, two minutes walk from a park & easily walkable to train station, tram, cafes, restaurants, retail & the local market.  A two week cosmetic renovation i.e. no requirement for a building permit –  will immediately “manufacture” capital growth well in excess of the cost of the renovation as well provide a rental yield well above the median yield for the suburb.

About the Property:

Double fronted Edwardian home featuring a large land component rapidly gentrifying suburb in Melbourne’s inner north circa 9km from the CBD.

Located in a fantastic suburb, desirable locality within the suburb, two minutes walk from a park & easily walkable to train station, tram, cafes, restaurants, retail & the local market.

 

Purchased by:

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