Accrue Real Estate – helping you achieve your investment strategy
Investment in property is acknowledged as a sound strategy for a secure financial future, but getting started can sometimes be difficult. There’s always plenty of people giving what they tell you is ‘good advice’ and sometimes these ‘Monday’s experts’ can be a huge blocker to getting started in the property market. At Accrue Real Estate, we are property investments experts every day of the week. To put it simply, it is our job. Those who come to us not only get the best advice, they get a sound investment plan to meet their investment goals. They also get access to properties before they reach the open market, providing huge savings.
In January 2016, Accrue Real Estate negotiated for a client the purchase of Apartment 2, 8 Quick Street, Pascoe Vale. This purchase was made off-the-plan. While the vendor asking price was $690,000, our experience and knowledge of Melbourne’s real market allowed us to obtain the property for the client at $649,000. At the time of purchase, it was estimated the property would rent out for $475 per week. On completion, the property settled in June 2017. Within one week, it had been rented – at the increased price of $520 per week.
The development at Quick Street was quality from the beginning, and featured an impressive frontage and landscaping. Appliances and appointments were first class, and the finishes made the home sparkle. Generous bedrooms, indoor and outdoor entertainment areas, air conditioning and central heating all add to the luxury of the home. The convenience of a European laundry and large garage and the addition of a security make this the ideal home. As well, it is centrally located, with parks, transport, schools and local shops all close by.
To underline the success of this property purchase for our client, contrast it with the sale of the apartment next door at Number 1.
Another quality apartment, on completion Number 1 was put on the open market. As was expected, with the location and quality, interest was high. On 28 June 2017, the apartment sold for $815,000
It is not surprising our client was delighted. An exclusive property with quality appointments, which not only rented at $45 per week more than estimated but increased in value by over $150,000 in around 18 months. This more than met the requirements of the client’s investment strategy.
Property investment shouldn’t be confusing or difficult. Join the many clients who have benefited from the Accrue Real Estate experience.