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Client Success Story: How Our Buyer’s Agency Helped Secure an Amazing Off-Market Property in Perth
G’day everyone, I’m Simon Deering, co-founder of You&Me Personalised Property Services: the Perth buyer’s agency made for you, the property buyer!
Today, I want to share with you one of our greatest client success stories of 2023. And trust me, there were plenty to choose from. This particular story highlights the value of working with a dedicated buyer’s agent who has extensive local knowledge and a vast network of industry contacts.
An Incredible Off-Market Opportunity
Ahead of the trend: Yanchep, Western Australia
The success story I’ve chosen to highlight involves an off-market opportunity that we were able to secure in the affluent northern coastal suburb of Yanchep in Perth, Western Australia. Yanchep is a stunning location that offers a fantastic lifestyle with its pristine beaches, natural beauty, and growing infrastructure.
Our team at You&Me Personalised Property Services identified Yanchep as a significantly undervalued area compared to its neighboring suburbs, and we did so about a month before the rest of the population caught on. This early identification allowed us to secure an exceptional property for our clients at a price well below market value.
Understanding the Client’s Needs
The Perfect Property Criteria
Our clients were looking for a property priced under $550,000, with more than 400m² of land and over 150m² under the main roof. Their ideal home was a four-bedroom, two-bathroom property that could generate a rental return of around $550 per week, assuming a purchase price of $550,000.
We took the time to thoroughly understand our client’s requirements, ensuring that we could target properties that aligned with their goals and expectations. This personalized approach is at the core of our service at You&Me Personalised Property Services.
Leveraging Our Extensive Network
Sourcing the Right Property
Using my 27 years of experience in the industry and my extensive local network, I was able to source an off-market opportunity through an agent I had previously worked with. The agent, unfamiliar with the suburb of Yanchep, indicated that the owners would be satisfied with a sale price of around $550,000.
Having a well-established network of industry contacts is crucial when it comes to finding off-market properties and securing the best deals for our clients. Our relationships with agents and our deep understanding of the local property market give us a significant advantage in identifying unique opportunities.
Exceeding Expectations
Better Than Expected Results
We conducted a rental appraisal, which came back at $600 per week, based on a purchase price of $550,000. The property not only met but exceeded the client’s requirements:
- 491m² block size (larger than the minimum requirement)
- 187m² of internal space (more than initially requested)
- Built in 2015 (a relatively modern home)
We successfully secured the property for $535,000, which was $15,000 less than what the owners were willing to accept. Even better, our clients were able to rent out the property for $680 a week, resulting in an impressive 6.6% rental return.
Our ability to negotiate a purchase price below the owner’s expectations while simultaneously securing a higher rental return demonstrates the value of working with an experienced buyer’s agent. We strive to overdeliver on our promises and exceed our client’s expectations at every turn.
Delivering Outstanding Value
Significant Capital Growth and Rental Returns
Within just six months of ownership, we realized that we had acquired the property for approximately $50,000 to $60,000 under market value. The property’s true worth was estimated to be between $590,000 and $600,000, despite our purchase price of $535,000.
A recent desktop valuation of the property came in at $610,000 to $650,000. Even considering the lower end of that valuation, our clients achieved a remarkable $75,000 in capital growth along with a 6.6% rental return, all within a short six-month period.
There are still plenty of opportunities in WA
These outstanding results showcase the potential for both capital growth and strong rental returns when investing in the right property in a growing area like Yanchep. Our expertise in identifying undervalued opportunities and negotiating excellent purchase prices positions our clients for success.
Your Success Story Awaits
Partner with You&Me Personalised Property Services
This is just one of the many success stories we celebrated in 2023, and we’re already off to a strong start this year, with 27 purchases finalized as of February 2024.
If you’re considering hiring a buyer’s agent for your next property purchase in Perth, we invite you to learn more about the services we offer at You&Me Personalised Property Services. Let us help you achieve a win as impressive as the one we secured for our client in Yanchep.
At You&Me Personalised Property Services, we are committed to helping our clients navigate the complex world of property investment. With our extensive knowledge, vast network, and personalized approach, we can help you identify unique opportunities, secure properties at the best possible prices, and maximize your investment returns.
Contact us
Simply give us a call, send us an email, or reach out to us directly. We’re here to guide you toward your own property success story.
Until next time, happy investing!
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Buyer's Agent, Co-Founder at You&Me Personalised Property Services