Simon and Leanne's Journey
Being time poor, Simon and Leanne needed help to buy an investment property that would provide them with flexibility and options to match their risk profile. This was the second property Simon bought via Property Mavens.
Investor - This needed to be a capital growth property for which also allowed for capital growth to be manufactured via future development or the site. Working with a tight budget, the search commenced in a highly desirable middle ring location.
- Negotiated price: purchased at auction against strong competition
- Secured: In desired location with a tenant in place
- Identified: some insignificant building issues that needed repair during due diligence.
- Settlement outcome; settled
- Bought Sep 2016: $705,000
- Value April 2017 : $846,000
- Capital Growth : 20% capital growth in a 7 month period
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