Wellington Street, Bondi Beach
Address: 76 Wellington St, Bondi Beach 2026
Type of property: Semi-detached house
Reason for purchase: Investment
Client brief: A previous client of Prosper Group in the medical profession seeking another investment property for their portfolio in the Eastern Suburbs. This client always seeks properties with future potential for both increasing the value and rental return.
Overview of the purchase: This property was being sold via an auction campaign. After arranging a private viewing, our client immediately agreed with us that this property met his criteria. With an existing DA in place to convert the property into a 4 bedroom house, this gave him the upside he was seeking. The current configuration allowed for 2 separate one bedroom units which could be rented separately, this provided him with a rental return above the average for Bondi.
With other keen interest on this property, there was a need to move quickly. We commenced negotiations immediately following the inspection and our client exchanged contracts at 5pm on the same day as the private viewing. Prosper Group further assisted by managing minor renovations allowing our client to maximise his rental returns.