Investment Property in Asaba

Investment Real Estate in Asaba

Investment Property in Asaba
Investment Property in Asaba

Asaba property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Asaba .

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Search Map of Asaba Investment Real Estate

Asaba is a city located at the western bank of the Niger River. It is the capital of Delta State, Nigeria and one of the 3 towns of Oshimili South Local Government Area, A fast developing urban area, Asaba had a population of 149,603 as at the 2006 census, and a metropolitan population of over half a million people. Asaba is well known for social activities due to the presence of large people and social amenities such as hotels, clubs, cinemas, malls, event centre, etc. It holds a yearly program named Delta Yaddah which always host series of gospel singers among others. Due to its large population, crime rate is high. Crimes such as pick pocketing, sideways robbery, etc, is rampart in Asaba. Because of the existence of foreigners in the state, cost of living is high in Asaba. The Onitsha bridge is the boundary between Delta and Anambra state, as the bridge separates Asaba and Onitsha.

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The financial stability of Asaba has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Asaba

Renting out your Asaba buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Asaba are – preparation is key.

  • Set goals based on how much rental yield will be required and the local rental yield rates in Asaba and be prepared to change your initial outlook.
  • Thoroughly research the Asaba location with a special emphasis on fringe areas outside the main Asaba metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Asaba.
  • Ensure that your target investment property in Asaba appeals to professionals. This is a demographic that ensures maximum income and low voids.
  • Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
  • You may think that managing your Asaba properties yourself is an easy option, but are these savings justifiable when you run into Asaba red tape? Physis Realty Asaba office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Asaba buy-to-rent sector.

With our expert guidance, investing in Asaba provides the secure knowledge that your money is working harder than it would in a local Asaba bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Asaba, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Asaba property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Asaba

Flipping property in Asaba

Flipping property is when we advise clients to buy a Asaba property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Asaba market has a time to react to the renovation.

The Flipping Strategy in Asaba

Investment property flipping in Asaba is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Asaba real estate investments are sometimes referred to by professionals as ‘distressed’ Asaba real estate.

What is distressed Asaba property:

  • Asaba property in need of renovation
  • Asaba real estate with a change of purpose and use
  • Oversold Asaba property
  • Bank repossessions in Asaba

Put simply, long term investors in Asaba purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Asaba investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Asaba property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Asaba use a minimum profit value of 22% when looking at potential Asaba projects. The reason for this is because there are lots that can go wrong in Asaba property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Asaba

For luxury property investors hoping to add a superb property in Asaba to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Asaba, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Asaba should be entrusted to only the highest-quality agency.

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