Sold Roslyn · Dunedin Buyers Agency

Dual Income for a Premium Buyer Client

Pacific Street, Roslyn, Dunedin

Deal won through Buyer’s Agency

We bought this one for a client.

Recently purchased through our Buyer’s Agency service, this purchase is an example of a smart multi-income investment in one of Dunedin’s prime suburbs.

Initially, the client came to me to discuss the investment opportunities in the Queenstown market. Once we worked through some examples, it was clear the yields were just not going to be high enough.

We shifted the focus to Dunedin, and I shared some recent client deals and sales in their price bracket, which helped nail down the Investment Brief.

Initially, the client was not too keen on the idea of trying to do a reno from a distance, but then I shared this opportunity, which had some future add value as it was well under-rented but did need a little bit of love to maximise the yield.

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In the client’s words

He also made the process easy and instilled confidence in every step of the way, helped source suppliers, negotiated with agents. He’s actually a legend. I’m referring as many people to him as I can. The fee more than pays for itself. Don’t hesitate – Just use him !

Happy if you want to call me and chat through. Ask Dean for my number. Karen P, Auckland

I’m in the real estate industry myself and I know what it means to rely upon someone’s expertise. I could have not used Dean and done it myself. But I chose not to, and I’m very grateful I did. Early on Dean said “my jobs to keep you safe”. And he did. I brought in a part of NZ I don’t live in and thought I knew- but I didn’t. He kept me out of flood zones, properties that looked good on the surface, but when you scratched them .. they would have given me a bite.

He understood my brief (which took some negotiating on being reasonable on my part), was patient with the lousy properties I sent him to check out for me and his response was always “ we can do better than that”.

He also made the process easy and instilled confidence in every step of the way, helped source suppliers, negotiated with agents. He’s actually a legend. I’m referring as many people to him as I can. The fee more than pays for itself. Don’t hesitate – Just use him ! Happy if you want to call me and chat through. Ask Dean for my number. Karen P, Auckland

A Buyer’s Agency client
Dunedin · sourced by Dean Horo
  • 4 Bedrooms
  • 2 Bathrooms
  • 2+ Car parking
  • 509sqm Land area
  • Freehold Estate type

Description

The kicker for this dual-income, 2x 2 bed/1 bath property was the great location. Multi-income properties in this location are a rare offering at 7%+ Gross Yield.

The units were not healthy homes compliant, so we negotiated around that issue, and I shared referrals for property managers, insurance brokers, contractors, etc., and we got to work pulling some more information together during the DD process to a point where the client was confident to “pull the trigger” and go unconditional on the property.

We also found out that the zoning allowed for some further development in the future, which was a great bonus.

The client was very pleased with the outcome.

Property details

Bedrooms
4
Bathrooms
2
Car parking
2+
Floor area
183sqm
Land area
509sqm
Estate type
Freehold
Rates
$6,164