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ACQUIRED PROPERTIES FOR PETER'S CLIENTS

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Peter bought this property for an interstate investor during COVID-19. Despite a booming property market, Peter was able to negotiate through the expressions of interest campaign to buy a great property, in an inner-city suburb, at a good price, with significant potential for capital growth.

The property came with a tenant so there was instant cashflow but as soon as the tenant left, the property was painted and the rent was able to be increased significantly.

This property will continue to attract a high rent (and increase in capital growth) due to is proximity to the city and the size of the block. This is a great addition to the investor’s property portfolio.

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This property is situated in Mile End, a suburb which is just one mile (1.6 km) from the CBD. It was bought at auction by Peter for a local client. Buying at auction can be very daunting but Peter had conducted extensive research on the area and the property, spoken at length with the real estate agent, in particular to answer a few key questions and on the day was able to beat the competition and buy the property. It was purchased for a price well within the client’s budget.

This is the sort of property that you put in your back pocket and forget about until it is time to sell. It is a solid home because that is the way they built houses in this period. Its proximity to the city and amenities and facilities within the local area, will continue to attract high paying renters (and grow in value) for years to come.

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Peter bought this property at auction for a regional client. It needed a bit of cosmetic work but 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 an up-and-coming suburb which is situated exactly between the city and the sea. The bonuses that this property has is that it has four bedrooms and it sits on over 1,000 sqm of land!

The property was bought for their child to live in whilst studying and working in Adelaide. Even though the property may not be earning a rental income, its capital growth will be guaranteed as it ticks all three boxes:

  • Location ☑

  • Land ☑

  • Looks ☑

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This property was bought for a Victorian client. Their brief was to buy a property as close to the beach as possible and large enough to earn a good rental. You can’t get much closer than the Esplanade!

The plan was to rent this property on a long-term permanent basis but upon further investigation, they discovered that short term holiday rental was a better option as they could also possibly use it when it was vacant.

The property earns a fantastic income through Airbnb and short-term holiday rental and because it is on the Esplanade, the value of the property just continues to go up and up.

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Many people know McLaren Vale as a great wine district but what is less known, it is also a great area to buy property in. It’s only 40-minute drive to the Adelaide CBD and it has some of the best vineyards, wine and cellar doors in the country. And only 10 minutes to some of the best beaches in South Australia.

This was a difficult brief as not only did the clients want a great investment property but they also wanted it to be a home that they could live in, in the future.

It took longer than normal to secure the right property but this is a beauty! Not only will it make a wonderful home but due to its location (one street from the main street), land (840 sqm block) and looks (character symmetrical cottage), they will be able to hold onto this property knowing that it will provide a solid rental return whilst it is used as an investment property and it will continue to increase in value over time.

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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

 

www.realestate.com.au

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  depreciation benefits and the relatively low cost of developing this project, the client is positively geared.

Glass Buildings

WANT TO KNOW MORE, CONTACT PETER TODAY.

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