Scott #4
Scott reached out to Property Mavens once again as he was ready to add another investment to his growing portfolio. With three properties already under his belt—two of which are unit blocks in Albury-Wodonga—Scott was specifically looking for a fourth that would deliver both strong rental returns and future capital growth.
BRIEF
Investor – The property needed to be on one title with the potential to add value through strata titling and/or cosmetic renovation. He was after a unit block that offered high yield, and ideally could be purchased below market value.
We identified a property in East Albury that initially had an asking range of $1.25–$1.3M. We made an offer of $1M before it went to market. After the online campaign failed to generate a sale, we were able to negotiate a purchase price just over $1M, significantly under the asking range.
OUTCOME
● Purchased: $230,000 to $270,000 under asking price
● Secured: Private Treaty
● Identified: No issues presented
● Settlement Outcome: Settling
Returns
● Bought (June 2025): $1,020,000
● Current Value (May 2024): Not applicable yet
● Capital Growth: Not applicable yet
● Rental Return: 7.9%
TESTIMONIAL
10/10 Anjay is a fantastic and professional buyers agent. Anjay has helped my wife and I acquire two outstanding properties in Albury. We've greatly appreciated his expertise and advice in the negotiation process. He provides fantastic communication and top notch service.
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