🧠This client is an experienced property investor who already owns several properties in Sydney. He reached out to me through a referral from one of my previous clients — someone I had helped purchase an investment property with strong rental returns. He was happy with the results and felt confident recommending me to his friend.

📌The investor had a clear brief: he was looking for a high-yield property with the potential to build a granny flat. Ideally, it would be a large block of land, preferably a corner block, so that both the main house and the future granny flat could have separate driveways and access — an appealing feature for future tenants.

🏡We found a property that ticked all the boxes. It sat on a generous-sized block, located on a corner, and was priced in the low $600Ks. Considering that even in the Crestmead area, homes with good land size and decent quality are already selling close to $700K, this property was a hidden gem. However, there was another buyer making a similar offer, so we needed to act fast and decisively.

🔍During my inspection, I noticed some ceiling issues, and the property was generally worn out. Rather than seeing this as a drawback, I saw an opportunity. It became a crucial part of my strategy. Before we even knew the other buyer’s exact offer, I advised my client to move quickly and submit a strong offer of $658K to secure the property. Once we had it under contract, we conducted the building inspection, and used the findings to negotiate a $5,000 price reduction. In the end, we successfully purchased the property for $653K — a fantastic result considering the location, land size, and development potential.

🎉The client was thrilled. For just over $650K, he secured a corner block with the capacity to build a granny flat and achieve a dual-income setup. We’re now assisting with renovations and planning the construction of the granny flat. The main house (3 bed, 1 bath) is expected to rent for $600–630 per week, while the granny flat (2 bed, 1 bath) should fetch $400–430 per week — a total of up to $1000 in weekly rental income.

🚀This case once again proves that the right strategy and sharp market insight can make all the difference — especially in a competitive market.