Lionel & Julie
Lionel & Julie's objective was to find a property which represented good capital growth in line with their budget.
BRIEF
- Investor - After determining a capital growth driven investment strategy and working with a strict budget, searching commenced for an investment within 5-8 kms of Melbourne CBD in the West to Northern corridors of Melbourne. We found and purchased the perfect investment property for our client in Moonee Ponds which had a capital growth of 16% in 16 months.
OUTCOME
- Negotiated price: market value
- Secured: at auction in a popular residential area close to amenities
- Identified: no items of concern presented during due diligence period
- Settlement outcome: Settled early 2016
RETURNS
- Bought Nov 2015: $605,000
- Value March 2017 : $700,000
- Capital Growth : 16% capital growth in 16 months
CLIENT TESTIMONIAL
Hi Miriam, Jessica and I would like to thank you for all your efforts in securing an investment property for our young children. Through years of indecision, and doubt to commit to an investment property ourselves we cant believe how easy you made the process to secure a property. The initial brief was specific with time frames to secure a property before Christmas which you delivered. The professionalism, knowledge and experience displayed guiding us through the short listing of properties assisted greatly. Up to date reporting, and market analysis informed us every step of the way which was comforting to know no stone was left un-turned. Negotiating at auction to ensure we did not exceed market value and ensuring specific clauses within the contract were written in to mitigate our risk demonstrated the level of due diligence and service you and your team provide. We will be recommending your services to friends and family and once again would like to thank you Miriam and the Property Mavens Team for a great result.
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