Scott

Scott and Lisa had significant equity in their Sydney property and I had helped them buy an investment property 12 months prior that they were able to add value to. After speaking with them they were looking for a bigger opportunity to make more significant growth and have a higher cashflow as well.

BRIEF

Investor/Development - The property needed to provide a significant uplift from a renovation with long term capital growth and a high yield.

OUTCOME

Purchased:         $140-240k under initial asking price

Secured:             Post Auction

Identified:          This property had significant structural issues to the front unit out of the 10.

                            This was factored into the price when negotiating along with our renovation estimates.

Settlement outcome: Settled and rented

 

Returns –

Bought (August) 2022:                     $1,260,000
Current Value 2024:                          $2,800,000
Rental Return:                                  10-11%

We purchased this property well under market value as knew people would be put off by the structural issues to unit 1. Having rectified the structural issues and renovated all the units we are now achieving a 10-11% rental return and the latest bank valuation has come in at $2.6m.

TESTIMONIAL

10/10 Anjay is a fantastic and professional buyers agent. Anjay has helped my wife and I acquire outstanding two properties in Albury. We've greatly appreciated his expertise and advice in the negotiation process. He provides fantastic communication and top notch service.

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