Securing a unique three level terrace under $2 Million
▉ REGION: SURRY HILLS & CITY FRINGE
▉ CLIENT: INVESTOR
▉ BUDGET: $2M
Securing a unique three level terrace under $2 Million
Background
A recent client approached Webb & Co. Buyers Agency with a budget of $2 million, seeking a property in Surry Hills that would serve both as a sound investment and a profitable Airbnb rental. The client’s brief was clear: find a home that offered strong potential for rental income and future value appreciation.
Challenges
The Surry Hills property market is highly competitive, characterized by high demand and low stock. Finding a property under $2 million that met the client's investment criteria was a significant challenge. The market conditions required us to be both strategic and resourceful in our search to secure a desirable property within the budget.
Strategy
To overcome these challenges, we implemented a thorough and proactive strategy. We contacted every real estate agent who had sold properties in Surry Hills over the past few years and engaged with property managers to uncover off-market opportunities. By leveraging our extensive network and conducting diligent outreach, we were able to source dozens of properties that were not publicly listed, providing our client with a broad selection of potential investments.
Outcome
Our strategy proved successful, culminating in the purchase of a unique three-level terrace for $1.9 million, $100,000 below the client's budget. This character-filled terrace features distinctive architectural elements and includes a separate lower-level residence, ideal for Airbnb rentals.
We were able to present over a dozen off-market opportunities in just under three weeks, showcasing the breadth of our search and the value of our network. The client was delighted with their new property, which not only met but exceeded their expectations for both a home and an investment. Through our meticulous and proactive approach, Webb & Co. Buyers Agency secured an exceptional property in a competitive market, ensuring a promising future for our client in Surry Hills.
