Potential and Lake Views - Kenthurst, NSW

Overview

$2.2M

Purchase Price

$700,000

Below Market Value

Our client was wanting to buy a parcel of land on which tolater build a dream home. They specifically wanted privacy and a semi-rurallifestyle setting. Their budget restraints meant that they would need to wait awhile before being able to build this home, so that property needed to have anexisting home in which they could live.

After several months of searching, we located and negotiateda perfect lifestyle property for our client at a bargain price.

This large 22,000m2 lot in Kenthurst has its very ownprivate lake, orchard and dual dwellings allowing our client to supplementtheir cash flow and offset their mortgage repayments by leasing one of thedwellings.  

At the start of negotiations, the selling agent was asking foroffers in the high $3M price range. After several rounds of negotiation, wewere able to secure the property for just $2.2M with just a 5% deposit and anextended 6-month settlement, allowing our client with additional time to formtheir deposit. Upon settlement the property returned an indicating valuation of$2.8M, providing our client with $700,000 in equity,

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Opportunites limited!
Book in your strategy session today

Email
Hello@wealth360degrees.com.au
Phone
1800 444 555
Address
123 George Street, Sydney NSW 2000
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