Concord, NSW 2137
Type of property: House
Reason of purchase: Primary Residence
Location: 37 Frederick Street, Concord NSW 2137
Property journey:
Our customers had been seeking a home for over a year and engaged our services a month ago. We sat down in their home after being introduced via their broker (Alex) and our very own Jeremy and talked about what they really wanted as this was to be their dream home with an in-ground swimming pool for the two boys (who showed me their piggy bank savings and were willing to throw it all in the mix to get their pool). We quickly realised that what they were after didn’t exist within their budget (as a finished product) so we needed to find a house to knock down and build their own instead. So I focused on this and after finding a few properties that I looked at, there was only open that really stood out which unfortunately had to go to auction as it was a deceased estate. We did like one other property and had a go at auction (but we were only interested in it if it sold for a good price) although this was a great practice run for us at our first auction together. So this time around we had done all our homework and figured out the exact costs around building the dream home as well as how much we should go up to finance wise as we knew we had one go at this in today’s highly competitive market. We weren’t disappointed as the competition was very high on the day but we managed to scare off everyone and bought it under the hammer. It was actually one of the toughest auctions I’ve ever bidded at (and I’ve had 22 years of doing this) so trust me, it was quite the auction and I think our strategy worked as I don’t think we should’ve ended up with the property as even though we paid more than what we wanted to, it ended up being the lowest sale price for the area for the same day and there hasn’t been any lower sales since. The real proof is in the pudding being that once they spend what they budgeted for in building a new home, they will have made over $300,000 worth of equity in the home. Not a bad start to a new dream home especially with room to get the pool in the back!
Testimonial
‘Walter Nanni recently helped us purchase my first Sydney property. Walt was fantastic at keeping the brief in mind, and came up with several great options. We were able to fins and secure a great property and Walt not only handled all negotiations but was outstanding on the day of the auction with his ‘poker face’ style of bidding. I am very happy with Walt and Cohen Handler.’
Julie and Richard
About the Property:
First time offered in 70 years.
This original brick workers cottage offers an affordable opportunity to enter Concords vibrant real estate market. It is positioned over 480sqm of land with possible rear lane access and is a short stroll to public transport, shops, cafes and golf course. Presents outstanding potential to completely transform and renovate or re build subject to council approval. It offers premium convenience, just footsteps to the best that Cabarita and Concord offers.
Other features included;
- Clear land, width 13.11m, depth 37.19m approx, no trees
- Retaining its original charm and character throughout
- Convenient address close to several lifestyle hotspots
- Side drive to lock-up garage with plenty off street parking