{"id":733,"date":"2014-11-02T15:10:24","date_gmt":"2014-11-02T04:10:24","guid":{"rendered":"http:\/\/www.catebakos.com.au\/?p=733"},"modified":"2014-11-02T16:44:36","modified_gmt":"2014-11-02T05:44:36","slug":"eastwood-street-kensington","status":"publish","type":"post","link":"https:\/\/www.catebakos.com.au\/staging\/eastwood-street-kensington\/","title":{"rendered":"Eastwood Street, Kensington"},"content":{"rendered":"

When prospective clients ask me to help them find a metro asset which can produce a gross rental return of 5% or better, I usually brace myself for a tough assignment. The reason for this is that in most circumstances, finding returns like this usually spell compromise, and I don’t like compromising much when it comes to\u00a0asset selection. Some compromises include company share titles, student accommodation or brand new properties; all of which I avoid no matter what.<\/p>\n

But on this occasion, I explained to my lovely new clients that their 5% would be very tough to meet and they reconsidered and agreed to target 4.5% or stronger. Ordinarily a 5% return for an uncompromised property would usually mean that I’d have to target a regional property; whether it be Geelong, Bendigo or Ballarat. My clients were certain that they wanted aggressive, inner-ring-suburb-style capital growth, so we focused on suburbs like Kingsville, Footscray,West Footscray and Maribyrnong.\u00a0<\/address>\n
The best surprise however was when a local agent from Kensington called to share this listing with us… a superbly refurbished, two bedroom apartment in a boutique block featuring a balcony, good sized rooms and a shared laundry right next door.<\/address>\n
\n
\"Eastwood1\"<\/a><\/dt>\n
The facade of 95 Eastwood St Kensington (REA)<\/dd>\n<\/dl>\n
\"EastwoodF\"<\/a><\/address>\n
The balcony was a bonus for the price – with a budget of $375,000 we knew we were challenging ourselves (and the agents) to find a property which offered so many ‘nice-to-haves’.The separate toilet, built in robes, renovated kitchen and bathroom and leafy outlook gave us all a sense of excitement with the mere thought that we’d come close to nailing the original brief.<\/p>\n
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\"Eastwood3\"<\/a><\/dt>\n
The renovated kitchen and bathroom help boost the rental prospects and the overrall tenant demand for the property. (REA)<\/dd>\n<\/dl>\n

The best part about this property, however is the location. The local cafes, train station, Hardiman Hotel, restaurants and shops are all within a three minute walk from this block.<\/p>\n<\/address>\n

Home to young professionals and families in Victorian cottages, life in this cosmopolitan village is sought-after by many.<\/p>\n

Kensington is just two train stations to the city and with two stations to choose from (Macaulay and Kensington), commuters are spoilt for choice.The only challenge I faced with this particular apartment was coordinating my inspection on Derby Day.<\/address>\n

“The streets were at a standstill while racegoers walked to the track.”<\/p><\/blockquote>\n

Our happy buyers can look forward to a rental return of $370pw; a return which even eclipses their initial target of 5%.<\/address>\n","protected":false},"excerpt":{"rendered":"

When prospective clients ask me to help them find a metro asset which can produce a gross rental return of 5% or better, I usually brace myself for a tough assignment. The reason for this is that in most circumstances, finding returns like this usually spell compromise, and I don’t like compromising much when it… Read more »<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-733","post","type-post","status-publish","format-standard","hentry","category-sundayblog"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts\/733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/comments?post=733"}],"version-history":[{"count":10,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts\/733\/revisions"}],"predecessor-version":[{"id":747,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/posts\/733\/revisions\/747"}],"wp:attachment":[{"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/media?parent=733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/categories?post=733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.catebakos.com.au\/staging\/wp-json\/wp\/v2\/tags?post=733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}