Here’s an example “Add-Value” property that I purchased for a buyer looking for a “stepping stone” property to live in for the short term:

Bateman WA 3×2 house located in the a proposed medium density rezoning area

Great value house with 3 living areas that needed simple cosmetic updates. Fully enclosed yard for added security.

Purchase price: $668,300

Appraised value: $680,000

Median house price of Bateman at time of puchase: $778,000

Potential Rent return: $440

Land size: 707sqm

Distance to Murdoch University: 1.5km

Distance to the train: 300m

Distance from Perth CBD: 12km

This style of property would suit investors wanting higher growth, with slightly lower rent returns, or owner occupier looking for a stepping stone home to turn into an investment one day.