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Circa $1.3M
My client is a VERY detailed person and extremely cautious, so it was important to provide a high level of information in the lead up, and throughout our engagement on each property that fitted the criteria along with constant communication, sometimes late at night. The client was looking for either a property that had room to either add a granny flat or a second dwelling or something ready made up to a budget of $1.4m in a location that has had consistent healthy growth & will continue to do so along with providing a healthy rent in an area with a low rental vacancy rate. I am over the moon to have been able to find a ready-made dual income house + attached dwelling on a corner block in a desirable location within Newcastle that does not require any renovation or any additional construction costs & these two properties will have a high number of rental applications when advertising for tenants commences. I viewed the property on a Saturday morning, and was able to gain earlier access before other buyers & this allowed me to complete appraisal reports quickly, gather all information such as approvals, fire wall details & other relevant important information around the approvals & construction plus forward videos to my client along with having the contract reviewed on a SUNDAY with my preferred solicitor who works after hours for my clients, which is extremely rare. As I had moved super efficiently & the selling Agent loved this & was on board to work with us, due to long standing trust, coupled with being able to move lightning fast & provide an advantageous speedy settlement, this gave my client success at a lower-than-expected price. If we had left it for a few days, we would have been competing against more buyers & effectively getting into a negotiation/bidding war with other buyers. We appraised the property between $1.4m to $1.5m and were able to negotiate to a price of $1.34m as long as we could exchange contracts within 24 x hours from offer & acceptance & co-ordinate a settlement prior to Christmas in 28 x days, hence we utilised “timing” as leverage & affectively saved our client anywhere from $60k to $160k as the vendors were motivated and preferred to work with us over other buyers who required longer settlements, so we have saved our clients anywhere from 5 x times to 10 x times our fee in this transaction. This property will also provide my clients with a cash positive property and not have to spend unknown money on renovations or updates as it is ready for tenants to move straight in. A fantastic outcome!
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
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Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
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Suite 2201, Level 22, Tower Two
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101 Grafton Street
Bondi Junction NSW 2022
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Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
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Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
The Propertybuyer
Podcast
Fri 27 Dec '24 with Rich Harvey How to Finance your Future with Property |
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Fri 13 Dec '24 with Rich Harvey Property Market Outlook 2025 |
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Fri 29 Nov '24 with Rich Harvey How to Make Better Financial Decisions |
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Fri 15 Nov '24 with Rich Harvey How Will the Future of the Real Estate Industry Evolve? |
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Fri 1 Nov '24 with Rich Harvey Sydney’s Lower North Shore - Perspectives and Insights |
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Fri 20 Sep '24 with Rich Harvey How to Invest or Buy Commercial Property |
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