Mellissa & Graham #1
Mellissa and Graham had significant equity in their Sydney family home and didn’t realise they could utilize this to help purchase an investment property(s). After speaking to them and understanding their full borrowing capacity we decided to look at purchasing 2 properties that had long term capital growth potential for one and a mixture of yield and growth for the other.
BRIEF
Investor - The property needed to provide ongoing, long term capital growth with a good rental yield. The property had to be a desirable rental option to maximize rent return and minimize potential vacancies.
They preferred something that was already renovated where possible though they were happy to do any cosmetic changes.
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 this brief, was under budget and under market appraisal.
OUTCOME
Purchased: $30,000 under the vendors asking price
Secured: private treaty
Identified: no issues presented
Settlement outcome: settled
Bought Dec 2020: $420,000
Current Value May 2023: $630,000
Capital Growth: 50% in just over 2.5 years
Rental Return: 5.6%
TESTIMONIAL
10/10 Anjay was able to secure 2 investment grade properties for us both of which have done extremely well. It was our first time using a Buyers Agent and while he challenged us thinking outside the square about where to buy, he made sure that the education was there so we were making an informed decision that we were comfortable doing. We highly recommend that if you are looking for PPOR or Investment property to reach out to him.
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