Type of Property: House
Reason of Purchase: Primary Residence5 3 2
Anyone who knows Carindale knows that the suburb is highly desirable, and also highly competitive. So when we were approached by a client looking for his next family home we knew we were up for a challenge.
After exhausting the on Market opportunities our team turned to our second layer of searching, our agent data base and after nothing ticked the boxes for our client from that avenue we moved on to the third layer; Direct Approach. The strategy of direct approach is more of a “hunt” for the right property as opposed to “fishing”. When you’re looking on real state websites it’s like fishing, it’s part skill and part luck. But when you start actively hunting, that is when opportunities start to reveal themselves.
This beautiful family home was purchased direct “OFF MARKET” from the sellers. Not only did that mean we purchased the property for a great price, but flexible terms that worked for all parties. A delayed settlement allowed the buyer to start planning some post settlement renovation and improvements, and also see out his current lease in the property where he was living.
Purchase price: Sub – $1,050,000
Current Market Value as at Jan 2018: ~$1,100-1,150,000
Bedrooms: 4 + Study
Dwelling size: 365m2
Block Size: 776m2
Average Capital Growth Rate: 6.1% P/A over the past 5 years
Notes: This property is located in a quiet pocket of the suburb surrounded by beautiful homes, and not only represents a great home for our client, but also a great investment, purchasing not only under market value, but also having the opportunity for post settlement renovation and improvement.
Please note there are no professional photos as the property never hit the open market, these photos where taken at our initial inspection of the property.