Lee & Peter

Referred by their financial planner, Lee and Peter wanted to develop a property portfolio within their SMSF.

BRIEF

• SMSF Investor - After determining a capital growth strategy and working with a strict budget, searching commenced and purchased a property on behalf of our clients in the high performing suburb of Kingsville in Melbourne.

OUTCOME

• Negotiated price:          market value
• Secured:                        off market, below budget and in the desired suburb
• Identified:                      no items of concern presented during due diligence period as the property was in excellent condition for its age
• Settlement outcome:   The property had increased in value by $71,000 within 3 weeks of purchase and before the property had settled. 

RETURNS

• Bought  Nov 2014:   $670,000
• Sold       Nov 2021:   $1,200,000    80% capital growth in 7 years

WANT TO BUY A PROPERTY SIMILAR TO THIS ONE?

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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.

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