Large Inner-City Terrace
“Airsorter has improved the rental income I am receiving from the property and I am very happy with their suggestions.”
Our Client
Eva is a self-funded retiree who owns a large terrace near both Sydney University and University of Technology, Sydney which was previously managed by a traditional agency and rented on a long term basis.
The Listing
This large 6 bedroom, 3 bathroom large Victoria Terrace in Chippendale has 6 bedrooms including a self contained one-bedroom annex with its own en-suite, living room and kitchenette. The property is a brief walk to buses, city trains. Walk to USYD in 2 mins and UTS in 5 mins, good schools, RPA, Broadway Shopping Centre and beautiful parks.
Our Strategy
AirSorter identified that given the proximity to Sydney University the property would be a suitable fit for student accommodation. The property was furnished with basic furniture and leased on a room-by-room basis with all bills covered. Using this strategy, the owners have been able to achieve 50% increase in rental income from the previous traditional long term rental strategy.
Revenue Comparison
Standard rental: $1,500
AirSorter: $2,300
Occupancy: 93%