Deal of the Fortnight – 14A School Pde, Marrickville NSW 2204
Our pick of the week this week is 14A School Pde, Marrickville in Sydney. Recently purchased by our client for $1.293M, this renovated 2 x 2 bedroom, 1 bathroom house sitting on ~250sqm block is a classic textbook style dual living IP offers the following:
- Location – located in the gentrifying Marrickville suburb with minutes walk to Dulwich Hill train station and future metro station and close proximity to local primary school.
- Building – solid double brick with 2 dwellings with 2 bedroom and 1 bathroom each and partly renovated.
- Value Add Potential – some cosmetic renovation on the place is currently being done. Also the dual-occupancy site is currently under single title so there is potential to separate title them moving forward
- Yield – rental appraisal of $600 + $620/week – a total of $1220/week! This grosses at 4.9% rental return!
Another great example of what can be achieved in today’s Sydney market. Client was very fortunate to have snatched this up at auction right before the sentiment changed after federal election! A dual-occupancy so close to Sydney CBD, in the gentrifying suburb of Marrickville with upcoming Metro station and achieving a 4.9% gross rental return – it’s a very robust buy in any day of Sydney!
Marrickville is a suburb in inner west located about 7km south west of Sydney CBD and one of the biggest suburb in the Inner West Council LGA. A diverse, multi-cultural suburb gaining more popularity nowadays with a good mix of low and high density residential, commercial as well as light industrial areas. Just like Redfern in the old days, the light industrials are getting slowly phased out and replaced by residential areas as people recognise the proximity to CBD and lifestyle convenience. Several shopping options, multiple public and private schools as well as a number of religious hubs and excellent public transport infrastructure make Marrickville a great place to invest or call home.
Contact us today if you need assistance to find similar investment properties!