Young Street, Cremorne
Address: 28/102 Young Street, Cremorne
Type of property: Apartment
Reason for purchase: Investor
Client brief: After many years of diligently saving his deposit, our young investor did not want to make a mistake with his first venture into the Sydney property market.
Our brief was to acquire an apartment ticking all the boxes – within a suburb with above average capital growth, easy to rent, low maintenance and part of a smaller boutique block.
Overview of the purchase: Originally searching for a larger 1 bedroom apartment, we advised our client that with just a slight increase in budget, a solid two-bedroom unit was possibly now in reach.
In a cooling market, and after lengthy negotiations, we managed to secure a well located, spacious and sunny apartment at well below the price paid recently for similar units in the same block.
Our client is thrilled, and already considering his next purchase with Prosper Group.