Property Location: Vaucluse
Young professionals with a flair for design, were looking to find a property to renovate and call their own. Ideally wanting to use their design skills to add value to an eastern suburbs home.
Our clients had been looking for a property for 3 years and were exhausted from the weekly search and disappointment of continually missing out on their dream home.
Our expert team prepared property reports to identify a number of purchase opportunities. A two bedroom apartment with prestigious harbour views and private rooftop entertaining deck peaked our clients interested as it provided scope for adding valuing in their ideal location, just minutes from shops and beaches.
These properties are generally very difficult to find, and even more difficult to secure, without paying a premium.
Having dealt with the selling agent on previous occasions, we knew the best style to negotiate and complete the purchase for our clients. We implemented a ‘pre-auction strategy’ as the property was in such high demand, and we were keen to save our client from the stress and spontaneity of a high pressure auction.
After securing the property for our clients, they came up with a great design, and obtained necessary approvals.
They were approached by a keen buyer, who loved their ideas and could see the potential. Our clients were made an offer too good to refuse, so they sold just 18 months after purchase, without even having to complete the work. At excellent result, considering this was at a time when the rest of the market was trending downwards.
Works Included:
Purchase price – $1,520,000
Renovation cost – $10,000
Sale price after design work and renovation approval – $2,200,000
“We are very happy with the service Frank Russo provided us and if you are planning to buy in the Eastern Suburbs we totally recommend him.
His timeliness and experience have been pivotal in securing our property in just three days!”
Giulia
Eastern Suburbs Buyer