The strategy was to secure an add-value opportunity in an area with strong rental demand. Cambridge Park has been a consistent target for investors in recent years due to stock availability and development upside, making it suitable for a long-term, set-and-forget approach.
When the property came to market, our prior relationship with the agent meant we were notified early and gained access before broader competition. Being first through the property allowed us to lead the due diligence process and quickly assess whether it aligned with our client’s brief.
As competition built, we moved early and submitted an offer at the lower end of the range, subject to building and pest, with a 5-day cooling-off period. The vendors came back with counters, but we held firm on our walk-away price, which was ultimately accepted. Inspections were clear, and the outcome was clean — the buyer secured a property with granny flat potential, the vendor achieved a smooth sale, and the agent remained transparent throughout.
As it stands, the property delivers a ~2.94% yield. With the addition of a granny flat generating an estimated $550 per week, the projected yield increases to ~4.64%, shifting the asset into a more sustainable dual-income position.
While opportunities like this can attract strong competition, local knowledge, experience, and established relationships with area specialists allowed our client to secure the property with clarity and reduced pressure throughout the process.
