Property Investment and Buyers Agents Blog

14-02-2017 – Best Property Investments – Pymble

Happy Valentines day to all. I came across this property a little while back at 14 Reynolds St, Pymble. Located in Sydney’s Upper North Shore. This property is like a white cling peach in season, which has been slightly bruised but still tastes incredible.

14 Reynolds St Facade

It’s going to auction this Saturday 18/02/2017 at 12pm.

Comparable Property

The most recent comparable I could find is 20 Rushall St which sold for $1.725m in October 2016.

Rushall has 696m2 of land compared to Reynolds 573m2.

Rushall St Floorplan20 Rushall St Floorplan
Reynolds St Floorplan14 Reynolds St Floorplan

In my opinion Rushall is a better constructed property. It has brick veneer construction on larger land. Though the property looks like it has a bit of a slope at the back. Which is a positive for Reynolds as its relatively flat land.

Rushall St FacadeRushall St Facade
Rushall St InteriorRushall St Interior

Rushall has 3 bedrooms, 1 bathroom and 1 carspace. An extra bathroom compared to Reynolds.

Pricing

This will be a very interesting auction this weekend. I predict the property will land up around $1.65m+/-. There’s every chance it could push higher due to scarcity.

Investment Potential

14 Reynolds St is basically a knockdown. It will make for a perfect blank canvas to create a modern day masterpiece, Picasso would be proud of.

Reynolds St Garden

In my opinion it will be hard to go wrong, as you will have so many options.

Have a marvellous day.

Dean Berman

Update 23/02/2017: The pricing prediction wasn’t too far off! The 14 Reynolds St, Pymble sold for $1.691m.

13-02-2017 – Best Property Investments – Carlton

I’m currently looking for a few clients in Melbourne. 90% of properties seem to be going to auction. They are selling fast, particularly in prime locations. I’m primarily focussing on houses at this particular moment.

I’ve been watching this property at 69 Princes St in Carlton, Victoria over the last few weeks. It’s coming up for auction this Saturday 18/02/2017.

69 Princes St Facade - Carlton

Pricing

I like this property in the under $1m category.

The agents have a price guide of $700k-$750k. I think it’s about 20% under where it will finish up.
In my opinion it will land up around $850k-$900k+/-.

Layout

The layout of the property is long and skinny. Like a stretched sausage dog.

69 Princes St Floor Plan69 Princes St

It has everything a couple or young family would need.

Two bedrooms with sizes of approximately 12m2 and 10m2. Living, kitchen, dining, laundry, bathroom, verandah and car space.

The property has 119m2 of prime Carltonian land.

It was built in 1980 according to records.

Comparable Property

I found a similar property at 83 Princes St which sold for $780k in May 2016. It has a classic facade and delightful interior renovation.

83 Princes St Facade83 Princes St Facade
83 Princes St Floorplan83 Princes St
83 Princes St Interior83 Princes St Interior

However it also sits on 119m2 of land.

69 Princes St needs some elbow grease to get it up to this level.

69 Princes St Kitchen

Investment Potential

Besides an interior renovation. I would see if you could build up a second level to add tremendous value. I would definitely invest some time and effort in beautifying the front and back yards.

69 Princes St Carlton Courtyard

All the bones are there for something special.

Have a great day.

Dean Berman

Update: 23/02/2017 – The agents initial price guide was really close to where it was purchased at for $775k.

12-02-2017 – Best Property Investments – Newtown

As I gradually melt like a thick slice of smoked camembert cheese on a piece of lightly toasted sourdough. I continue to search the market. Looking for the best property investments I can find. I came across this little beauty a few days ago and thought it worthy.

Price Range

This would be a pick in the $1m-$1.5m range. I think it’s a property with huge potential at 85 Station St, Newtown.

It’s going to auction with a price guide of $1m-$1.07m.

I think the agents are a little conservative with the price guide figures. Probably in the range of 30%+/- under where it will end up. In my opinion it will likely sell nearer to the $1.4m range.

Layout

The layout of the property somewhat reminds me of 31 Oxford St which sold for $1.525m in November 2016. Except for the second bedroom on level two.

31 Oxford St Floorplan 31 Oxford St Floorplan

Station St Newtown Floorplan 85 Station St Newtown Floorplan

This property currently has 2 beds, 1 bath, 1 car space.

It is sitting on 139m2 of quality Newtown land.

Investment Potential

Personally I would see if you could get approval to go up another level. If you can, there’s a chance this property may go above the $1.5m range.

Even if you can’t go up, the property has to be totally renovated or re-built.

Station St Kitchen

Parking

The parking spot takes up about 25% of the garden at the back, which has both positives and negatives. In my opinion more a positive than a negative for having a parking spot. Particularly in the local Newtown area. Parking spots are incredibly valuable due to their scarcity in the suburb. But a small negative as it takes away some of the precious garden. The garden and parking spot are a golden gem with this property if correctly designed.

Have a great day!

Dean Berman

Update 23/02/2017: The property sold for $1.272m. This price places the property between where the agents priced the property at and my prediction.