26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $1.300m
Charlie walked in off the street pushing a pram and wearing trackies. I sat down with him and quickly understood he and his family are serious people who wanted to diversify their portfolio into Melbourne.
We missed out on a few properties due to timing, as they methodically pushed to understand our approach to examining sites: from analysing local area market conditions, demographics and planning policies; to determining site yields and dwelling sizes; to estimating construction costs and project durations; to gauging end values and profitability metrics.
The process proved useful. This off-market came to me on Monday, and by Tuesday afternoon I shot Charlie a Preliminary Feasibility. By Wednesday afternoon, we had worked through the details, and confirmed various assumptions re market values, Council’s viewpoint, and easement impacts. That evening, we viewed the property and signed a best and final offer on the spot.
Charlie then appointed us to project manage the planning and design process. He and his brothers were intimately involved throughout the process. We ultimately attained permits and build documents for 3 large, very attractive semi-detached, street-facing townhouses. The boys are exploring selling the permitted site now, but if they don’t achieve the price they’re after, then they will likely build it themselves (Charlie is an experienced Carpenter).
They had nice things to say about our service: “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. He helped us navigate through some tough market conditions and his advice was always spot-on and insightful. Nothing was ever too much trouble and we were able to secure a cracking development site with his help. Throughout the planning and design process, he was always a great advocate for us – as if it was his own project and, he has helped us land on a really amazing design with the help of his network of professionals. I wouldn’t hesitate in recommending Andrew and hope to be able to continue a great working relationship into the future.”
Safe, community-focused with parklands, schools, shops; adjacent to premium suburbs
903m2 corner with easements
Original but tidy brick veneer
$1.300m
up to $1.450m
Off-market, we bought in the kitchen first viewing
4 months
$650 /week
2.6% gross
House $1.200m | Unit $0.886m
5.2% p.a. over last 10 years
Popular with wealthy downsizers, medicos, and families priced out of bordering suburbs
Well below market value; corner position; flexible design options; rentable long-term
Semi-detached house-sized 4bed/3bath townhouses w GF Masters
17 months from purchase to build-ready
$1.565m inc permits and build docs
$1.800m for permitted site
$0.235m if on-sold with permits
45% if on-sold with permits
15% if on-sold with permits
Retained Permitted Site N/A
$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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