Off-market purchase for interstate investors
Client Type: Interstate investors
Service: Search > Assess > Negotiate
Asking Price: $980k
Purchase Price: $935,000
Property: Single front Victorian
Potential Rent: $440/$480pw
We were engaged by interstate buyers who wanted to buy a property for their sons who were renting separately in Melbourne whilst attending University.
Antony Bucello was busy introducing his clients to a number of suburbs and property types when he was contacted by a selling agent about an ‘off-market’ opportunity. The owner of the property had listed it on the agency websites (for free) with photos from a previous campaign to test the appetite of the market in an uncertain time.
Antony inspected the property during Stage 3 restrictions just before Stage 4 lockdown. It was a ripper! A freestanding single-fronted Victorian period home on 236m2 in a superb location in the heart of Coburg. Coburg is located approximately 8 kilometres North of the CBD and this property is close to Coburg and Batman train stations, shopping strips, cafes, parks and gyms. Perfect for two university boys! And with easy access to major roads (including City Link and the Ring Road ) and local schools, this property is future-proofed as an ideal property for first home buyers, young families, downsizers, investors and professionals alike.
Ticking all the boxes of liveable now but lots of value add potential in the future. It also provided an opportunity to convert the formal lounge into a 3rd bedroom which could be rented out to assist in mortgage repayments. The boys inspected the property and loved it. The location and the private alfresco deck with a leafy garden sealed the deal.
The vendor wanted $970 to $980k and Antony had assessed it at $930 to $970k. Due to Stage 3 restrictions and a limited advertising campaign, only a small number of parties had inspected the property. Antony used that information to submit his first offer. After a few days of negotiation, they secured the property for $935k. Which is excellent buying!
The boys, the parents, everyone was happy and the property was secured just before Stage 4 restrictions were now announced. Well done Antony, and another 5 Star Google Review for you!
We have recently bought a home for our children in Melbourne and we are living in Adelaide. Antony has a long history and knowledge of the real estate market in Melbourne, always available by email or phone, honest in his appraisal of potential properties and very helpful in organizing inspections for my boys in these unusual times.
Over the 3/4 months of searching, Antony was able to show us a large variety of properties and locations so we in Adelaide, as well as the boys, could start to understand the current market.
His client portal is very easy to navigate and each week there were always 4/5 properties that we could look at and review.
When the time came for us to put in an offer in on the property I had complete confidence with his negotiation and communication skills with the real estate agent. He was there to get the best deal he could for us. We have had a very positive experience National Property Buyers and would not hesitate to recommend them to friends in a similar situation to us.
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