Benoit
Benoit is a real estate agent in the Sydney area with property investments already. He was looking to add another property portfolio and engaged Property Mavens to help him find an A Grade investment with development potential.
BRIEF
Investor - The property needed to provide ongoing, long term capital growth with a high level of yield. The property had to be a desirable rental option to maximize rent return and minimize potential vacancies. He preferred something that had the potential to subdivide and add value.
Property Mavens identified a property that had been on market for a decent period of time as it was being sold for sale by owner. There was an opportunity to purchase this property under market value that matched his specific requirements. I sourced a property that suited his brief, was under budget and under market appraisal.
OUTCOME
Purchased: $27,500 under the vendors initial asking price
Secured: private treaty
Identified: no issues presented
Settlement outcome: settled
Returns –
Bought Sep 2020: $297,500
Current Value May 2023: $470,000
Capital Growth: 57.9% in 2.5 years
Rental Return: 7.34%
TESTIMONIAL
10/10 Anjay helped me secure a great investment property in Lavington. The capital growth and rental return have been excellent to date and it is giving me and my family great options to either build, subdivide or rent long term. I will be using Anjay for my next purchase without hesitation - His market knowledge and intel on the area are outstanding!!
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