Character Gem Secured Under Budget
▉ REGION: MOSMAN
▉ CLIENT: DOWNSIZER
▉ BUDGET: $5M
A local downsizer was referred to Annabelle Webb & Billy Gleeson to help source and secure a character property in a timely manner.
Background
In the Upper North Shore region, Webb & Co. assisted a young family with a budget of $7 million in finding a dream property. The family was seeking a tennis court knockdown property with over 1500sqm of land, conveniently located within a ten-minute walk to a train station.
Challenges
The family's search involved several challenges:
Highly Specific Property Requirements: The family was looking for a rare combination of features – a large land size with a tennis court and proximity to a train station.
Limited Availability: Such specific properties are not commonly available, especially in the Upper North Shore area.
Market Competition: Given the desirability of such properties, the family faced significant competition from other potential buyers.
Strategy
Principal Buyer’s Agent Annabelle Webb and Founding Buyer’s Agent Billy Gleeson employed a targeted strategy. They shortlisted and directly targeted every property in the area that fit the brief. Their approach involved thorough research and leveraging their extensive network to find off-market opportunities.
Outcome
After an intensive search over eight weeks, including the inspection of more than 15 off-market homes, Webb & Co. found an ideal property in Gordon, 800m from the rail station. The team conducted extensive due diligence, consulting with builders, town planners, and council to ensure the feasibility of the family's dream home. The property was ultimately purchased for around $4.7 million, significantly under budget, demonstrating Webb & Co.'s effectiveness in finding and securing rare properties in competitive markets.
