Davide

Davide was referred to Property Mavens/Anjay from a mortgage broker as he couldn’t afford to a buy a house in Sydney for his budget. He was looking for a property that he could add value to so that he could then look to purchase another one and go again.

The property I found was on 900sqm with rear lane access and he is currently in the process of starting the build on the back which will give him an additional $250-300k in equity once complete.

BRIEF

Investor - The property we were searching for needed to either be able to renovate and/or subdivide so to build another one on the rear.

OUTCOME

Purchased:         $25k under asking price

Secured:             Off market

Identified:           no issues presented

Settlement outcome: settled

Returns –

Bought (August) 2022:          $595,000           
Current Value 2024:              $650,000     
Rental Return:                          4.15%

We purchased this property under market value and its valuation. We are now in the process of renovating all the units and getting them strata titled so to sell them off one by one.

WANT TO BUY A PROPERTY SIMILAR TO THIS ONE?

As professional property buyers we know the difference between a bad property and a good one and where to buy to generate the strongest return on your money. 

If you would like help to identify an ' investment grade' property like this one,  whether it’s a family home or an investment property and you’re ready to get started, click here to book a time to discuss your requirements.

It’s 100% obligation free