Dennis had an investment property in Sydney which was costing him money and had little to no capital growth. He sold that property and was looking for someone to help him with his property investment journey so to grow his wealth and portfolio. He engaged Property Mavens to help him find an A Grade investment with renovation potential.
Investor - The property needed to provide ongoing, long term capital growth with a high level of yield. The property had to be a desirable rental option to maximize rent return and minimize potential vacancies. He preferred something that was unrenovated where possible.
Property Mavens identified a property that had been on market for quite a period of time and there was an opportunity to purchase this property under market value that matched his specific requirements. I sourced a property that suited his brief, was under budget and under market appraisal.
Purchased: $50,000 under the vendors initial asking price
Secured: private treaty
Identified: no issues presented
Settlement outcome: settled
Bought Dec 2021: $520,000
Current Value May 2023: $650,000
Capital Growth: 25% in just over 2 years
Rental Return: 7.6%
10/10 Wonderful experience with Anjay, brought in a good value investment property and I expect to get many more properties through him
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