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 …