Extensive Due Diligence on Cremorne Duplex
▉ REGION: CREMORNE
▉ CLIENT: EASTERN SUBURBS FAMILY
▉ BUDGET: $5M
A young family from the Eastern Suburbs approached Principal Buyer’s Agent Annabelle Webb & Founding Buyer’s Agent Billy Gleeson to help negotiate and secure a luxury duplex in Cremorne.
Background
Webb & Co. were approached by a young family from the Eastern Suburbs to assist in negotiating and securing a luxury duplex in Cremorne with a budget of $5 million. The family, new to the area, needed expert guidance to understand the local market and property values.
Challenges
The family faced several challenges in their property search:
Unfamiliarity with the Area: Being new to Cremorne, the family needed help in understanding the neighborhood and its real estate market.
Concerns about Nearby Developments: They had specific concerns about how local infrastructure developments, such as the Beaches Link and Western Harbour Tunnel, might impact the property’s future value and livability.
Access to Confidential Properties: The family required access to off-market properties to find a home that met their unique needs and preferences.
Strategy
Principal Buyers Agent, Annabelle Webb and Founding Buyers Agent Billy Gleeson embarked on extensive research, including discussions with local government and planning contacts, to address the family's concerns. They compiled a detailed 20+ page report on the property and the potential impacts of nearby developments.
Outcome
The in-depth research and report provided the family with the confidence that their chosen property would not be majorly impacted by local developments. With this peace of mind, Webb & Co. negotiated with the property agents to secure the luxury duplex for more than $200,000 under the family’s budget. This successful acquisition allowed the young family to start their next chapter in a spacious and private home in Cremorne.
