Chambers Fleming Padstow
2 Faraday Road Padstow
02 9771 4555
02 9773 9581Contact us
The key to purchasing an investment property that is desirable for tenants is to not necessarily buying a house or apartment you would like to live in, one with water views or a place in a wealthy suburb; it is often the simpler things that appeal.
Close proximity to transport is one of the key factors for tenants when looking at rental properties given many tenants can often have lower incomes and are more reliant on public transport. The need to be close to shopping precincts, educational facilities and amenities is also paramount for renters to maintain their lifestyles.
Other key factors renters look for in a property include neat and tidy presentation with new or refurbished kitchens and bathrooms, properties that are well maintained, are secure premises, have multiple storage options and have flexibility around long-term leases.
If you are looking to purchase an investment property, it really does pay to put yourself in your potential tenants shoes and ask yourself what they would be looking for in a rental property before making your purchase. This will help to ensure that once purchased, your investment property will be well tenanted and profitable.
If you are looking for advice on purchasing an investment property in our area, please contact the team at Professionals Padstow today on 9771 4555.