ACQUIRED PROPERTIES FOR PETER'S CLIENTS

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East Street, Torrensville, SA 5031 - Property Details

 

**UNDER CONTRACT**<br/><br/>Why you'll love it<br/><br/>Positioned on a 696sqm* parcel of land, this freestanding c1925 stone fronted villa presents a floorplan that is readymade for grand scale family living. Enhanced by high ceilings with handmade cornices and ceiling roses, it offers superb scope to transform in certain areas. This location allows you to be no more than a stroll from Henley ...

 

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Peter bought this little beauty for an Adelaide client. It has all the hallmarks of providing great capital growth based on Peter’s philosophy of when seeking to buy and hold property, go for Location, Land and Looks.

This character/period style property is in a quiet street of a gentrifying suburb which is situated only 3 km to the CBD and sits on almost 700 sqm land. It ticks all three boxes:

  • Location ☑

  • Land ☑

  • Looks ☑

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Elizabeth Street, Torrensville, SA 5031 - Property Details

 

11 Elizabeth Street, Torrensville, SA 5031. View property details and sold price of 11 Elizabeth Street & other properties in Torrensville, SA 5031.

 

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Peter bought this classic return verandah villa for an interstate client who felt that he was priced out of the Sydney market. Not only is this property located just 3 km from the CBD in a gentrifying suburb, it also sits on over 700 sqm of land!

One of the big bonuses for this house is that it has four bedrooms. In addition to its two living areas and second toilet, this property has great renter appeal and when the time comes to sell, it will also be very popular with owner occupiers.

In the five short years the client has owned this property, the value has increased by almost $200,000 – a great buy!

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Shipster Street, Torrensville, SA 5031 - Real Estate

 

Property data for 44 Shipster Street, Torrensville, SA 5031. View sold price history for this house and research neighbouring property values in Torrensville, SA 5031

 

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This beautiful symmetrical cottage was bought off market. Peter has an extensive network of real estate agents who will often contact him before listing properties on the open market.

One of the added bonuses for this property is not only is it a character/period style property, situated in tree lined street, in a gentrifying suburb which is located just 3 km from the CBD – it also has enough room in the backyard to subdivide and create a new allotment!

The value of buying off market should never be underestimated. The opportunity to buy a great property before others have had a chance to see it is not often presented to purchasers. Having good working relationships with many real estate agents is vital and can reap its own rewards.

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Claring-bould Road, Christies Beach, SA 5165

 

Property data for 6 Claring-bould Road, Christies Beach, SA 5165. View sold price history for this house and research neighbouring property values in Christies Beach, SA 5165

 

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This property was bought by Peter for an interstate client who was looking to develop and keep the dwellings as rental properties. Given the frontage and size of the land, this property could technically fit 4.8 townhouses. Obviously nobody builds 0.8 of a townhouse so in reality, you could build four dwellings. Peter suggested to his client that they should approach the neighbours to ask if they were interested in selling because if he bought just one of the neighbouring properties, the total land holding would be large enough to build 10 townhouses.

To cut a long story, the client built 10 townhouses and has retained them all as rental properties. With the current low interest rates, depreciation benefits and the relatively low cost of developing this project, the client is positively geared.

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O'halloran Road, Christies Beach, SA 5165

 

Property data for 4 O'halloran Road, Christies Beach, SA 5165. View sold price history for this house and research neighbouring property values in Christies Beach, SA 5165

 

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This property was bought by Peter at auction for an Adelaide client. It was originally bought as a development site as the extra wide frontage allowed for three row dwellings to be built. It is an awkward shaped block as the rear of the property is quite narrow but two of the keys to being able to develop a site is that you need enough land and the frontage needs to be wide enough – the width of the rear boundary is generally not part of the development approval criteria.

Plan A was to develop the site but despite this, the client decided to off load the property three years later. A simple renovation and the client was able to sell the property for almost $100,000 more than they purchased it for. Not a bad Plan B!

Buying property where there are at least two avenues to make money, in this case, development or renovation, is a great way to mitigate risk and it provides options in the future if your original plans do not eventuate.

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