Scott #3

Congratulations to our latest Albury purchaser, Scott & Lisa.

Scott and Lisa were looking for another block of units to add to their property investment portfolio. I had come across a block of 7 units that were off-market that we were hoping to pick up under market value but also we would be able to add value to with a renovation and to strata title them individually each.

We have been given market appraisals of $1.12mk for the 4 x 1-bed units with a rental of $340 per week each. The 3 x 2-bed units have come in at $950k with a rental of $375 per week per unit. Renovation and Subdivision costs have come in at approximately $275,000.

BRIEF

Investor - The property needed to be another block of units that we could add value to through renovation and potentially strata separately if hadn’t already been done. 

OUTCOME

●    Purchased: Off-Market
●    Secured: Off Market with no competition
●    Identified: No issues presented during the due diligence process
●    Settlement Outcome: Settled

 

Returns –

• Bought (Apr 2024): $1,125,000
• Current Value (2024): $2,070,000 including renovation of all units and having them individually strata titled
• Rental Return: 9.21%

 

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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