Using our Buyer’s Agents you are able to develop property and capture wholesale profit margins, even if you have no experience with development or have little time to manage a project yourself. Be it for your current premises or a home on the market, our wise experience will help you in achieving your ‘subdivision vision’. From granny flats to a multi-unit site, our buyers advocate / buyers agent’s resources will ensure a smooth journey from obtaining council permits right through to completion.
NINE MAPLEHURST AVENUE
A property investor came to WRA wanting to purchase an investment property that was positively geared in the Melbourne metropolitan area.
After researching the Melbourne market we found a property that had a double dwelling potential would be best suited to our client. A simple renovation of the existing property and construction of a two bedroom unit at the rear was all the work that needed to be done. Once completed, selling the front unit would give the owner a positively geared investment property at which our client was a happy customer!
Unit one sold in two weeks: real estate.com.au
Unit two leased for $300 per week making the unit two a positively geared property.
Total Outlay: $460,000. Market Value at the time of sale: $600,000. Start to Finish 26 months.