Type of Property: House
Reason of Purchase: Investment
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After developing an interest in Buying and Renovating this particular client was keen to sink her teeth into another project. But after searching for several months she found that purchasing a property in todays competitive market was becoming increasingly difficult.
The team at Hot Property immediately began an ON and OFF market search and after a around 4-6 weeks of tireless investigation this amazing opportunity was secured under contract.
Daniel Mumford spearheaded the search and due diligence into this property, identifying that it offered a structurally sound base to add value and a floor plan that provided value adding potential with minimal structural alterations.
The property was secured for low to mid $500’s, and the client is currently undertaking a major cosmetic renovation with the plan to sell on completion.
Fast Facts
Purchase Price: Low to Mid $500’s
Block Size: 607m2
Bed:4 Bath:1 Car: 2
Distance to CBD: ~10km
Notes: Solid brick construction, great block size, value adding potential, quiet street.
