4/307 Hawthorn Road, Caulfield North – For Sale $1,175,000
This property ticks all three boxes:
- This is the last townhouse the developer needs to sell – the rest have been sold – all for substantially higher prices than is being asked for the last one. Townhouse 1 sold for $1.6m at the top of the boom; Townhouse 2 for $1.65m; Townhouse 3 sold for $1.275.
- The developer is ‘taking a haircut’ to sell the last one. $1.175m is a big discount to what others have paid and even less than the sworn valuation the Bank will use to finance it. Bank valuer, Opteon just signed off on this townhouse at $1.2m and we know bank valuers are conservative.
- The property is currently let at $900 p.w. But the developer is offering a 5 year fixed rent to the new buyer of $1,150 p.w. So he’s paying you $250 per week to sweeten the deal – at a discount price. The total value of the above market rent offer is approximately $60,000.
So this is certainly the right time to be buying this property. And the long term investment fundamentals are strong – Caulfield property has grown strongly over the last decade. 3 bedroom units have grown at 6.6% p.a. compound every year (so at this price that’s about $76,000 of capital growth every year).
So if you’re looking to buy a home or investment with huge capital growth potential and above market income, then look no further than:
4/307 Hawthorn Road, Caulfield North.
For more information regarding the property presented or to discuss property development generally, please contact our Director | Sales & Auctioneer, Grant Lynch on 0408 110 001 or firstname.lastname@example.org.