Pitt Street, Redfern
Address: 20/41 Pitt Street, Redfern
Type of property: Apartment
Reason for purchase: Investor
Client brief: Having already bought our client their home a few years earlier, we were engaged this time to source an investment property.
Overview of the purchase: Initially searching in the Inner West, we made the most of a weaker market and extended into the premium Inner East. Knowing all these apartment blocks so intimately, we recognised and moved quickly to secure this unique apartment with an ideal floor plan in a prime complex.
In a boutique block with no expensive lifts or amenities, the apartment provided generous sized bedrooms – each with a bathroom, an easy to furnish floor plan and double side-by-side parking. Through our negotiations we purchased the apartment for more than $100k less than comparable sales in the same block.