26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $1.241m
Andy approached us in mid 2020 with a common brief: Find him a profitable development project site +/- $1.3m, oversee all planning and design, tender the build, and assist with contract appointments.
We quickly zeroed in on a few suburbs that suited his parameters at the time and we identified a couple suitable sites within a fortnight. Our preliminary feasibility studies provided high level estimates of market values, site yields, costs, equity/debt requirements, and profitability.
Being interstate, we provided Andy with detailed suburb profiles that explained why these target areas suited him. He really liked this one, and we quickly firmed up our feasibility study, with feedback from Council, our preferred Town Planner, Arborist, Land Surveyor, Conveyancer and a couple local agents.
After purchasing the property, I project managed the entire design process and tied Andy in when his input was required. But given that he is a busy IT Professional and I develop property for a living, he was happy to let me run it with maximum discretion.
We moved onto completing build documentation – architectural drawings, civil and structural engineering, build specifications, etc. We tendered the build to three suitable builders, and assisted Andy in negotiating a fixed price build contract.
The project is nearly complete and Andy will be cleaning up. We have since purchased him another project.
Safe, community-focused lifestyle suburb with parklands, schools, shops; increasingly affluent
1230m2 with wide frontage and easy subdivision
Original but tidy brick veneer
$1.241m
up to $1.350m
Private Sale, 3 weeks Post-Auction
9 months
$500 /week
2.1% gross
House $0.993m | Unit $0.760m
6.0% p.a. over last 10 years
Lifestyle suburb, popular with wealthy 2nd/3rd home buyers, families who value school options and amenities
Legal loophole allowed immediate subdivision; huge frontage; high end produce ceiling prices
Two large detached Hamptons Houses 37squares each
27 months from purchase to construction completion
$2.760m completed
$3.400m completed
$0.640m completed
56% completed
23% completed
3.9% 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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