Cammeray Ground Floor Apartment Purchased $50k Under Market Value

27 May

Written By Billy Gleeson – Founding Buyer’s Agent

▉ REGION: LOWER NORTH SHORE
▉ CLIENT: DOWNSIZER
▉ BUDGET: $1.3M

Webb & Co. purchased a ground-floor apartment in Cammeray well under market value.

Background

Webb & Co. assisted a downsizer in acquiring a new apartment in the Cammeray area. The client, transitioning from a larger property, was looking for a ground-floor apartment that was both practical and within their budget of $1.3 million.

Challenges

This task presented several distinct challenges:

Specific Requirements: Our client was not only looking to downsize but also had specific requirements for their new home. This meant a more targeted and strategic search was required to find a property that met all the criteria.

Ground Floor Preference: Finding a ground-floor apartment within the specified budget was particularly challenging due to the low stock and high demand in Cammeray.

Market Dynamics: The property market in Cammeray is highly competitive, especially for ground-floor apartments. This competition necessitated a strategic approach to secure a property that met the client’s criteria.

Strategy

Under the guidance of Principal Buyers Agent Annabelle Webb and Founding Agent Billy Gleeson, Webb & Co. took a proactive and targeted approach. They specifically focused on off-market and pre-market opportunities in Cammeray, leveraging their extensive network and relationships to gain early access to properties. This approach allowed for a more efficient search and negotiation process.

Outcome

The team's efforts were successful, leading to the purchase of a ground-floor apartment in Cammeray. Webb & Co. negotiated the price to $50k below the market value, securing the deal at $1.25 million, well within the client's budget. This purchase not only met but exceeded the client's expectations in terms of both location and budget.

Lower North Shore

Billy Gleeson – Founding Buyer’s Agent

Billy Gleeson has been a resident of the Lower North Shore for more than 20 years, living and breathing real estate in the area since his early childhood.

Having lived in both the United States and London, Billy has extensive experience consulting for some of the world’s largest brands, in the marketing, media and not-for-profit industries, and now brings his passion for success to Annabelle Webb’s team.