26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $0.820m
Rupinder and Jaspreet had a great experience building their own home, and it inspired them to invest with a mind towards developing. They met with a few Buyers Advocates, and eventually appointed us – partly because they wanted to deal with the Director of our business throughout.
We considered their budget and objectives, shared data explaining capital growth history, drivers, and projections, and suggested a few properties in a suburb that they’d never heard of.
R&J ruled out the first couple opportunities. It became clear that they didn’t want a big block; they weren’t interested in a 3+ townhouse site; they don’t like busy roads or any other with obvious ‘warts’. What they wanted was a property that would comfortably rent for years, and one that they could safely develop into 2 townhouses for future capital growth and rental return – eventually.
Andrew managed the search, planning and design, and build documentation process. They got along so well that Rupinder decided to work with us as a Client Relationship Manager.
Pretty village, improving infrastructure, great demographics
853m2 rectangular sloping up
Tired but rentable weatherboard
$0.820m
up to $0.860m
Private Sale, 3 weeks post-auction
3 months
$370 /week
2.3% gross
House $0.871m | Unit $0.679m
7.1% p.a. over last 10 years
Diverse and affluent demographic; widespread gentrification; big infrastructure projects; media hype
Good value post-auction buying; safe, profitable development; top growth and rental prospects
Two detached 4bed dwellings on own titles, one single level
12 months to secure permits
$1.920m Turnkey
$2.300m once completed
$0.380m once completed
68% once completed
20% once completed
4.5% once completed
$1.635m
$2.000m
$1.100m
$0.900m
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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.”
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“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.”
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