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Case Study – An owner-occupier’s development story
Case Study – An owner-occupier’s development story 7 March 2018 Matthew Hughes 1. property brief: Working with a specific strategic brief to develop an inner city property with scope to retain a character dwelling for long term capital growth, whilst outperforming median rental yields. The key buying criteria centred around the ability to develop a secondary lot for the purpose of building a home to reside in. Location and lifestyle attributes weighed heavily on this brief, including walking distance to Perth CBD, Northbridge entertainment precincts and the Beaufort Street cafe strip. A location with diversity of dwelling types and within close proximity to green space were other key considerations for both liveability and longer term resale. 2. property sourced & negotiation: This strict brief, within tightly held locations relied on a combination of search strategies, specifically, intense monitoring of appropriate housing stock and keeping in touch with suitable ‘withdrawn listings’. An approximate 6 month courting period with multiple landowners resulted in an ‘off market’ transaction being negotiated, whereby the now motivated seller accepted a discount on the property price i
1. property brief: Working with a specific strategic brief to develop an inner city property… Read Article