The strategy was to secure a high-growth property in an area with strong rental demand. Werribee’s affordability and proximity to Melbourne, offers a central, suburban location ideal for long-term rental appeal.
When the agent sent through this off market opportunity with an asking price of $730,000 at 11:36am we knew it was a great deal. Quickly responding to get the agent to reserve this for us, we spoke to the client and by 2:26pm less than 3 hours later we had an offer submitted. The offer looked like this
$710,000
Settlement 30 x days
Deposit 10%
Subject to B&P for 3 x days
No finance clause
The focus on speed as our leverage point and making the terms attractive to get a further discount on an already good price. There was a bit of back and forth and after the building inspction was complete which only had normal wear and tear items the deal was closed. The vendor achieved a smooth sale, and the tenant could remain which is a win for everyone.
The property delivers a 3.3% yield with great growth potential as the property is on 752m2 and comes with a drive through garage to make space for a caravan or trailer. As it is located just a few doors from local shops, a primary school, and public transport. Parks, reserves, and Pacific Werribee Shopping Centre are only minutes away, offering a highly convenient lifestyle.
