Erskineville, NSW 2043

Type of Property: House

Reason for Purchase: Investment Property

Address: Albert Street, Erskineville NSW 2043

Property Journey:

The client, who runs a busy restaurant in Newcastle was looking for an investment property to add to his portfolio. With a budget around $1M, we decided that the best strategy would be to buy a small inner west or inner city house where there had been consistent long-term capital growth. Being time poor and a distance away, he needed to feel comfortable with the potential opportunity before making the trip to Sydney to see the property. After around 3-4 weeks Leon Jacques had lined up 3 properties for him to see. An off-market, an on market and a pre-auction. The property we liked most was the pre-action property which already had quite a bit of interest, To secure this property we had to move quickly to put ourselves ahead of the pack. Within 24 hours we exchanged on this property at just over $1M and well below the suburbs average price for a similar property.

About the Property:

Charming inner-west semi with sunlight from sunrise to sunset

This charming launching-pad to your housing dream is everything you have been looking for, freestanding to one side, light filled throughout and with an easy-living floor plan that’s conducive to a busy lifestyle. The charm comes from its beautifully preserved turn of the century architecture complete with iron decorated façade, timber floors and high ceilings. Sprawling across its north to rear block, its well-presented and ready to move into, a quick stroll to the rail, quaint Erskineville village, bus and the park at the end of the street.

Location

Purchased by:

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