…The power of agent-relationships…

A recent assignment with two fantastic investor clients ended last week with plenty of celebration.

Our brief was sensible and with a desired spend range of $700K – $800K, and we felt that the targeted suburbs from the inner west to the northern suburbs of Coburg and Preston should have easily yielded us a quality townhouse or small single-fronted cottage. But auction heartbreak in Newport, a runaway sale result in Flemington and disappointing stock levels over the winter months meant that our investor couple had an extra-long tenure with us!

They remained pragmatic and focused though, and we nagged and nagged local agents every week.

Our nagging paid off. We got a call from a great local agent whom we’ve communicated diligently with over the years. He had a vendor who favoured a quiet, private sale and hoped to stay on in their own home as a tenant while they decided when and where their next move would take them.

Not only did their price expectations fit our brief, but their preparedness to stay as tenants enhanced the appeal for our clients. This gorgeous Victorian three bedroom cottage ticked every box. Situated at the northern end of Coburg and enjoying a leafy street just 600m walk from Coburg Train Station, and boasting one of the cutest little local cafes out there; Little Deer Tracks, this property captured us immediately.

The house itself passed the advocate inspection, the building inspection, and the Dad-inspection.

This substantial single-fronted period home exhibits a great rent-now option, with the future potential to be revamped into something architecturally special in the years to come. Offering 4% appraised rental yield and some exciting growth drivers, our clients can look forward to a steady investment journey with their little piece of Coburg now locked away for $710,000.

We pride ourselves on staying close to the local agents and always being prepared to pounce for great surprises like this opportunity.