26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $1.580m
Mike owns a successful building services business. He employs a variety of trades, and asked us to help him build up a property development business arm.
We quickly zeroed in on this suburb for him – his business operates nearby, projects of the type he sought can be highly profitable, and if chose to sit on the site for a while or rent out the completed townhouses (both scenarios he flagged as possibilities) then the rental income and capital appreciation would be strong.
After reviewing our preliminary Feasibility, Mike had a few questions about design options, build cost assumptions, and Council policies. We worked to answer all his queries with help from an Architect we work closely with. Over the course of a few days, he attended the site with a couple staff, spoke to the selling agent about values, and then asked us to bid on his behalf at auction.
It was a competitive auction, and we secured the site at $70k less than budgeted. Mike appointed us to project manage the planning and design, which we did with support from quality consultants who we’ve worked with for years. His newly formed project team learned a lot the process and are now building a successful new business arm.
“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. We would recommend these guys to anyone looking for property advice that actually makes sense.”
Quality with parklands, schools, shops; adjacent to premium suburbs
Sloping 885m2 corner with views
Solid original double brick
$1.580m
up to $1.710m
Bought at Auction
4 months
$600 /week
2.0% gross
House $1.300m | Unit $0.755m
6.0% 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
14 months from purchase to build-ready
$3.720m to completion
$4.785m to completion
$1.065m to completion
61% if on-sold with permits
24% if on-sold with permits
4.4% once complete
$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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