What makes an investment property attractive?

When seeking an investment property, ‘high growth’, ‘high rental yield’, and ‘below median price’ are some of the main features an investor would like their property to have. But do you know what helps your investment property to achieve those features? Well, not many people do.

Do the terms ‘Walk Score’, ‘Bike Score, and ‘Transit Score’ sound familiar to you?

Whether it is inner city apartment living or a suburban family home lifestyle, Walk, Bike and Transit Scores can help you compare properties so you can make a well-informed decision that is driven by facts, rather than emotions.

The 'Walk Score' measures pedestrian friendliness of a property. It uses a system that analyses hundreds of walking routes in an area, and assigns a number of points based on the distance to desirable amenities in and around that location. These amenities include transport options, infrastructure, educational facilities, health providers, retail, dining and entertainment options, employment hubs, and parks.

Similarly, ‘Bike’ and ‘Transit’ scores look at the availability of above options via bicycle and other transportation.

Many investors who are seeking an apartment are especially attracted towards well-designed properties in locations with a high walk score, while investors who are seeking house and land packages tend to resort to properties with a high ‘Bike’ and ‘Transit’ score as these properties seem to be consistently in high demand while achieving a high return on investment.?

At Grit Property Group, we will manage the whole investment process for you in-house. So, contact the property investment experts at Grit Property Group and see how we can assist you in earning the best return for your investment.

Don’t wait to buy property! Contact us today!

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