We find. We negotiate. You save.

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We LOVE creating #EurekaMoments for our clients!

 

Just Purchased! Over 6% return - a 3 bedder for the price of a 2

Congratulations to Melinda who just settled on this great property located on the northern Gold Coast last week.

Purchased: May 2019

Client: Interstate Investor 

Location: Northern Gold Coast

Original Advertised Price: $369,000

Clients Budget: $330,000

Our Purchase Price: $329,000

The Client: Based interstate, this first time investor buyer just wanted a property that would tick along without too much hassle while she worked hard to pay it off. 

There is plenty of scope here add value down the track by converting the garage to additional living space, enclosing the front yard and the addition of a pergola BUT it's perfectly fine as is in the meantime. 

The Property: Lived in and loved by the same owner for the last 18 years, this property was in great condition.

This 3 bedroom, one bathroom, SLUG home has everything a tenant could want - aircon, built ins, security screens, fans, new dishwasher, new carpet and fresh paint throughout.

A short walk to shops, schools and public transport - and just up the road from the coasts best theme parks.

Rental Return: This property was let at $385 per week within one week of hitting the rental market. Yep, over a 6% return from day one! 

Client Savings: With 2 bedders in the same area selling at the same price, if not more than what we paid for this 3 bedder, there's plenty of price upswing built into this property from day one. We estimate this buyer would have had to spend another $20k minimum to secure an equivalent 3 bedder.

This is what comes from watching the property market like a hawk!

Congratulations Melinda - what a way to start your investment property portfolio!

The seller has a trained negotiator and property professional in their side. Just like Melinda, why shouldn’t you??

Find out more about our property buying services and how you can work with me here

At Eureka Buyers Agents, We find. We negotiate. You save.

 

 

Just Purchased! Massive family home well below market value.

Congratulations to David and Sara who just settled on this great property located on the central Gold Coast last week.

Purchased: April 2019

Client: Interstate Investor

Location: Central Gold Coast

Original Advertised Price: Offers over $849,000

Clients Budget: $850,000

Our Purchase Price: $778,000

The Client: Based interstate, they are planning on putting tenants in for a few years Based interstate, they are planning on putting tenants in for a few years while they work out what their next move is.

Ideal for their family of 5 with 4 bedrooms and a study, 3 bathrooms, a media room and two living areas with a pool, all on 842m2, there is heaps of room for everyone if they decide to move in themselves. They might just decide to keep it as an investment in the long term with a 5.7% gross return and good capital growth potential.

The Property: Requiring some updating and a tidy up before tenants move in, the buyers plan on spending $15,000 approx to give it a once over and we will manage the project for them, keeping them updated every step of the way.

Rental properties of this size are well sort after by tenants in this area and it will rent at $850pw easily.

Whatever they decide, this property stood out for a number of reasons:
- north facing
- no rear neighbour
- great configuration and layout for a family
- good scope to add value
- size > it was very difficult to find a property of this size, in this price bracket
- location! family friendly suburb with good parks, schools and great facilities for the kids nearby...

Client Savings: While everything else around it was selling at the $900,000+ mark, we picked this up at $778,000 after it sat on the market for months as it was initially overpriced by the agent and the market dropped away in the later part of 2018. Many buyers overlooked its potential and the price kept dropping and dropping to a level well below market value as the seller just had to get out in the end with a job transfer in place.

Congratulations David and Sara - it was great working with you. Can't wait to welcome you all to the Gold Coast! 

The seller has a trained negotiator and property professional in their side. Just like David and Sara, why shouldn’t you??

We've saved them money - and made them some money along the way too.

Find out more about our property buying services and how you can work with me here

At Eureka Buyers Agents, We find. We negotiate. You save.

 

JUST PURCHASED: Beachside Investment Property with so many redevelopment choices!

Congratulations to Lance and Susan who have just purchased this great little development site on the southern end of the Gold Coast!!

Purchased: February 2019

This property offers them lots of options! They are planning on putting tenants in for a few years while they work on getting plans approved to build a duplex pair. They may even decide to fully renovate the property and move into it themselves in the long term.

Located less than 500m to the beach, we paid $749,500 for this property. With a holding income of $600 - $650pw it will tick along nicely until they decide on their next move.....

 

Whatever they decide, this property stood out for a number of reasons:

- development potential

- north facing backyard which is almost a must on the GC

- good layout and quality build for future substantial renovation down the track if they decide

- location! It doesn't get much better than this....

 

There are comparable sales in the same street for renovated properties at over $1,300,000 so they have plenty of scope to add value here without over capitalising.

 

Congratulations on purchasing your first investment property guys! What a way to start......! 



Talk to me today to find out how I can help you find your perfect property here on the Gold Coast too!

At Eureka Buyers Agents WE FIND. WE NEGOTIATE. YOU SAVE!

Check out more of our previous purchases

 

When we're not busy buying, we've usually got a renovation or two on the go.

Check the latest ones out here

 

Want a property buying expert on your side too?

Contact Us today and speak to Nicole Marsh to find out how easy your next property purchase can be.