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.

 

 

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