facebookWhat are your thoughts on Fourth Avenue Residences as an investment property? Would a one bed unit be a good buy? - Seedly

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Anonymous

25 Nov 2020

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What are your thoughts on Fourth Avenue Residences as an investment property? Would a one bed unit be a good buy?

Would a one bed unit on Fourth Avenue Residences be a good buy?

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Ryan Ong

25 Nov 2020

Partner at Stacked Homes

Quick answer and my personal opinion: yes, because of (1) proximity to the MRT station, (2) the Cold Storage within walking distance, and - not necessarily related to tenants - the proximity to NYGH, which is an awesome school (note: bias due to having taught a programme there many years back).

But that said, I should point out that I generally prefer two-bedders if I am buying an investment property. I find them easier to rent out (if the tenant can get a room mate they can split the cost). I also find that it's easier to convince someone to pay a bit more for a little more space; but really hard to convince someone if they've decided it's too small.

I also feel that, with the upcoming buyer demographic being mainly HDB upgraders, many won't even consider a one-bedder as they're families (if you have plans to sell in the near to mid term).

But this is just my take on one-bedders in general (not specific to Fourth Avenue Residences).

We do like this property, and we have a detailed long answer (https://stackedhomes.com/editorial/fourth-avenu...)

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