26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $0.950m
Jim is transitioning from the finance industry into full time personal investing. A high growth property portfolio is a big part of his planning.
This is his first residential development in Melbourne (we’ve since purchased him another) and he wanted a straightforward project with minimal planning and construction risks. This off-market opportunity came to me through my network, and the long settlement really appealed to Jim.
We bought it at pretty much market value and Jim appointed us to quickly attain planning permissions. We managed the process with our preferred consultants for this type of low scale project, and got permits before settlement. We then assisted Jim through the build tender process, and he appointed a builder and completed construction.
He’s renting out all 4 new townhouse and is getting a great rental yield while benefitting from big depreciation schedules. He’s appointed us to find a 3rd development for him.. “Rinse and repeat” is how he put it.
Jim had nice things to say about our services: “Andrew Stone has helped immensely with my first investments and developments in the Melbourne market. He marries a high level of industry expertise with commercial common sense and a practical approach. His understanding of the planning process is second to none and has helped to save money and time.”
Urban, gentrifying, with good transport and access to CBD
652m2 flat corner in progressive zoning
Tired 2bed weatherboard
$0.950m
up to $1.000m
Off-Market
12 months
Not required, permitted prior to settlement
Not required, permitted prior to settlement
House $0.830m | Unit $0.580m
5.2% p.a. over last 10 years
Widespread gentrification; good pocket, close to shops and train; popular with young professionals
Good value with long settlement; safe planning with permit attained pre-settlement; affordable build; top prospects
4 attached double story street-facing dwellings
30 months from purchase to build completion
$2.780m turnkey completion
$3.240m
$0.460m
45%
17%
4.7%
$1.635m
$0.820m
$2.000m
$1.100m
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“Andrew is pleasure to work with and is great at his job. He is diligent, efficient and communicates in a timely manner. Very professional, trustworthy and importantly has sound judgement regarding property matters. Highly recommended.”
“It has been pleasure working with Andrew. Very experience and knowledgeable in the development space. We were able to secure a suitable development site very shortly after engaging him.”
“Andrew Stone has helped immensely with my first investments and developments in the Melbourne market. He marries a high level of industry expertise with commercial common sense and a practical approach. His understanding of the planning process is second to none and has helped to save money and time.”
“We would like to thank Andrew for his guidance on our journey to purchasing our home. Throughout this process, Andrew had been very patient, receptive and understanding of our needs, and responded to our questions without hesitation or judgement. We couldn't recommend him enough!”
“Every encounter with Andrew, regardless of what assistance I required, was one of honesty, integrity and efficiency. I would highly recommend Andrew and Property Analytics to friends and family without hesitation.”
“We've completed 2 projects with Property Analytics and have been thrilled with the level of expertise and friendliness of the business. We look forward to adding more projects in the future.”
“Property Analytics provides invaluable information on market trends with detailed graphs and information which is brilliant to share with our clients.”
“Walking 'in off the street' one day, I was instantly taken by Andrew's knowledge, enthusiasm and no-nonsense approach to property and development in the Melbourne market. I wouldn't hesitate in recommending Property Analytics.”
“Andrew has proven himself as extremely professional, reliable and acts with the highest integrity. Recommend to anyone looking to make their next move in property.”
“Property Analytics knows the Melbourne real estate market very well. Andrew continually provides us information on emerging trends and important market conditions, and explains statistics in simple language that people can understand.”
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