Recently purchased – Tidy house on corner block with proposed rezoning

3×1 House on Ella Pl, Duncraig, Perth WA

Purchase price: $515K; Market value: $530K-$540K; Saving of $15K+.

What makes this a good property: Well presented house with ducted reverse cycle AC on a corner block close to schools, shops, transport, the beach and Hillarys Marina. This part of the suburb has been ear-marked for re-zoning by the local council, and could potentially make this property a duplex site with 2 street frontages.

Ray Chua, Buyers Agent Perth

Recently purchased – Good land component

2×1 House on Knutsford Av, Rivervale, Perth WA

Purchase price: $443K; Market value: $465K-$480K; Saving of $22K+.

What makes this a good property: This solid character home on a 616sqm block makes for a good renovation candidate with good land component. It is located 600m to Belmont Forum, and close to parks, schools,transport links, 3km to Burswood entertainment precinct, 4km to the Perth airport & 5km to CBD.

Ray Chua, Buyers Agent Perth

Buy-Renovate-Sell via Perth-Buyers-Agent

SUBURB: Leda, Perth WA;

PROPERTY TYPE: House;

PURCHASE PRICE: $222,500;

SUGGESTED MARKET VALUE (Not renovated): $290,000;

SUGGESTED MARKET VALUE (Renovated): $330,000;

SUMMARY: From time to time we come across forced sales where, if the owner does not get a result, they are in even more trouble than if they sold it to our client cheap. This one was purchased significantly under market value. Although not a high growth property, this deal produced "instant-income" for my client. If you're interested in these type of opportunities, please contact me for more details.

Ray Chua

Buyers Agent Perth

rayc@momentumwealth.com.au