Who
Builder client seeking a renovation opportunity.
— The story
How Kath secured this home
Client brief
Secure a property in a highly desirable location with strong renovation potential, ensuring the purchase price allowed for a commercially viable project.
Journey
We identified a property in poor condition but with significant underlying value in its location and landholding. Working closely with our client, we assessed the property's potential against their proposed renovation plans and strategically negotiated a purchase price of $1.4 million.
Budget result
Successfully secured the property for $1.4 million, approximately $200,000 below our estimated underlying land value of $1.6 million.
Outcome
A strategic acquisition providing our client with an opportunity to undertake a partial demolition and substantial renovation, with plans to bring the transformed property back to market within six to eight months.
Your advisor
Kath Mackay
Buyers Agent
Kath Mackay is a value creator.
01 / 03