Dennis

Dennis had an investment property in Sydney which was costing him money and had little to no capital growth. He sold that property and was looking for someone to help him with his property investment journey so to grow his wealth and portfolio. He engaged Property Mavens to help him find an A Grade investment with renovation 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 was unrenovated where possible.
Property Mavens identified a property that had been on market for quite a period of time and 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:                       $50,000 under the vendors initial asking price

Secured:                           private treaty

Identified:                         no issues presented

Settlement outcome:     settled

Returns –

Bought Dec 2021:                     $520,000

Current Value May 2023:        $650,000

Capital Growth: 25% in just over 2 years

Rental Return: 7.6%

TESTIMONIAL

10/10 Wonderful experience with Anjay, brought in a good value investment property and I expect to get many more properties through him

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