Number of Units
8
Price per unit circa
$ 350,000
Boutique block of 8 updated good size one bedroom apartments (circa 4.5 squares) in popular Preston location close to Northland Shopping Centre and Preston market and local shops.
It has a walk score of 67 and a good transit score of 64 with multiple bus lines within 300 to 500 metres and a rail line within 1km.
Priced circa $350,000 plus, well below Preston’s suburb median unit price of $700,000.
Renting for a good return of circa $360 per week (circa 5.3% plus return)
We source whole apartment blocks Our property experts are constantly hunting for whole apartment blocks where the vendor doesn’t want to sell them individually. We target blocks that have the potential to increase in value and provide good long-term investment returns. Once we secure the entire block on behalf of our clients, they can then add value through external and internal renovations to increase equity and rental returns.
Investors from our waiting list are given the opportunity to purchase Once you have registered for our waiting list, you will be notified of all opportunities that suit your specific needs for price, location and return on investment.
We negotiate to secure the entire apartment block Just like when you order goods in bulk, buying an entire apartment block provides us with superior bargaining power to negotiate a great price and conditions. With less than 5% of buyers purchasing in the multi million dollar plus price brackets, we move out of the individual retail market where most investors purchase. This sets you apart from all the other buyers competing against individual properties each week in Melbourne.
Targeted external renovations The strategy is for the owners to work together to add value to the block through external renovations. We know from experience what will increase the value of your property to improve your equity and rental returns. We offer our services for external renovations, which can be co-ordinated after settlement. We also provide recommendations on how the owners may use 99 year leases to utilise common area for courtyards or extra carparks (where applicable and if the owners agree post settlement).
Your individual apartment Once you take ownership of your individual apartment you can decide to internally renovate, move into it or use it as an investment property. The choice is yours depending on your goals. Advantage will be there to assist you in all areas of your purchase by offering services or referrals for external rejuvenation, the ongoing management through our Owners Corporation and Property Management departments. Our expertise allows you to be part of a whole block renovation strategy without the risk involved in individual development.
Buying the right investment property can set you up for life. Whether you’re taking your first steps towards a better lifestyle, building a brighter future for your children, or protecting your retirement plans. Investing in property can secure your success.
Our Group Block strategy offers investors a lucrative avenue for maximising returns on renovations and flips. By acquiring entire blocks, investors benefit from economies of scale, favourable negotiations, and efficient collective renovations. This approach streamlines projects, minimises risk, and maximses profits in the competitive market.
VANESSA
What incredible, enthusiastic service and a truly exceptional team. Your competitors should be scared of you guys…you are better than most put together.
Our Group Block strategy empowers first home buyers to enter the property market with confidence. By leveraging collective purchasing power, buyers access more opportunities and add value through shared renovations. Reduced risk and potential for appreciation provide a strong foundation for financial success.
FRANK T
I’ve purchased 6 Group buying apartments/units from Advantage Property over the last 10 years, and I’ve sold two of them this month. Thanks to Advantage for the great property selections. We are very happy with our sales results, plus have had great capital growth from the remaining 4 properties. Thanks again.
Maximise returns via scale.
Efficient enhancements for higher resale.
Strong financial foundation.
Maximise returns via scale.
Embracing our Group Block strategy opens doors to unprecedented investment opportunities. Experience accelerated wealth growth, increased equity, and amplified rental returns as you join a community of successful property investors.
With over 200 successful group block investments under our belt, opportunities are selling out as quickly as our expert team can source them!
That’s why your first meeting with Advantage Property is free. No gimmicks, no hard sell, just a face-to-face conversation where we find out more about your property dreams and you get to know us a little better. Don’t waste time going to another open inspection. Send us your contact details and we will arrange a meeting with our expert buyer’s agent team today.