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INVESTOR PURCHASE OF THE MONTH

Strong relationship with selling agent ensured we secured this rough diamond prior to it hitting the market with no competing offers.

Highlights

  • Purchased May 2022, $910,000
  • Solid, well-built, low-maintenance, low-set brick and tile dwelling
  • Large 704 square metre site in a quiet cul-de-sac position
  • Just 11kms from Brisbane CBD
  • Opportunity for cosmetic upgrades

How the deal happened:

  • We found this property off-market through our agent networks
  • Early intelligence allowed us to inspect the property before anyone else
  • Our Buyers Agent was able to see past the current presentation of the property and identify the potential
  • We had the property under contract before it hit the online platforms
  • Negotiated price below market value

Why did the client engage us?

  • Negotiated price below market value
  • Proven past performance in sourcing high growth properties in high growth suburbs
  • Experience navigating negotiations
  • The professionalism of our Brisbane Team and our clients’ trust in our Buyers Agents background as Valuers
  • Turn-key solution utilizing the support of our Buyers Agent the whole way through the process from brief to settlement and letting, including support in delivering cosmetic upgrades

Property highlights:

  • Low-maintenance, single level, brick dwelling
  • 4 bedrooms, 2 bathrooms, 2 separate living areas
  • Covered rear patio area overlooking rear yard
  • Good family area of high amenity
  • We suggested cosmetic upgrades of new internal paintwork and replacing carpets
  • This amounted to an outlay of less than $10,000
  • Prior to these upgrades, the property had a rental assessment of $650 per week, equating to a 3.7% yield
  • Following the re-painting and re-carpeting, a tenant was secured in less than 24 hours for $795 per week, equating to a yield of 4.5%

Do you have a client or does someone you know want an off-market and below-market purchase like this? Our Buyers Agents will get you one in Sydney, Melbourne, Brisbane, Sunshine Coast, Perth, Canberra, Adelaide.

CLICK HERE NOW TO FIND OUT MORE …

If you want to beat the market, you need the right professional team and that starts here ...

Lynton Stevenson
Director of Client Services

0401 252 550
lynton@providenceproperty.com.au

Jay Pace
Director of Corporate Network Development

0432 298 329
jay@providenceproperty.com.au

Wishing you happy and prosperous buying
The Providence Property Team

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