26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $0.830m
Sam is a successful financial advisor who wanted to build a property portfolio the smartest way – through small scale development.
I rate this suburb highly for future capital appreciation and it fit his parameters perfectly. We reached out to a handful of local agents and this off-market was an absolute stand out. The vendor was asking $850k. A near-identical property on the same street 8 doors up was selling EOI later in the week, and I knew firsthand that it would sell for at least $100k more (it ended up selling for $0.960m).
We completed a full project feasibility, and confirmed key assumptions with a good town planner and architect we know well. Sam liked it, and loved the terms we negotiated – $0.830m on a 12 month settlement.
Immediately after purchase, Sam appointed us to secure planning permits for 3 semi-detached townhouses per our feasibility study. Council issued the permit. Sam is sitting on it and intends to build for long-term retention.
He had nice things to say about our service: “Andrew has proven himself as extremely professional, reliable and acts with the highest integrity. We engaged Andrew after meeting him through a web seminar and could not be happier with the insights and project management capability that he brings. Recommend to anyone looking to make their next move in property.”
Good improving infrastructure, amenities and demographics; progressive planning zone
Slightly sloping 697m2 rectangular block
Neglected and uninhabitable weatherboard
$0.830m
up to $0.960m
Off-market
12 months
Uninhabitable N/A
Uninhabitable N/A
House $0.750m | Unit $0.598m
5.5% p.a. over last 10 years
Good improving infrastructure, amenities and demographics; widespread gentrification
Well below market value; long settlement; safe planning; great growth prospects
3 semi-detached townhouses
17 months from purchase to permit
$2.270m complete
$2.700m complete
$0.425m complete
44% complete
19% complete
4.1% gross
$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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