Burns Bay Road, Lane Cove

2 Bedroom
1 Bathroom
2 Car

Address: 9/111 Burns Bay Road, Lane Cove

Type of property: Dual Level Apartment

Reason for purchase: Owner/Occupiers

Client brief: Being a Tradesman, our client required plenty of lock-up storage and parking, and was only interested in purchasing within a narrow 1km radius.

Overview of the purchase: You know you're in for stiff competition when the sales agent won't take offers and moves the auction date forward by a week. Do you walk away - throw up your hands in frustration and scamper off looking for the 'bargain' no one else noticed?
 
Good properties are likely to engender fierce competition. So if you want a really good home in this tight market, you are going to have to fight for it and possibly embrace the auction process. The key is to forget what everyone around you is saying (especially the sales agent), and know what the property is really worth. Knowing the real price when agents are playing games - underquoting and not providing any feedback - can be a golden situation for buyers who understand the market.

In this situation, the property had a lot of interest being well-presented, oversized, back of the block, no common walls and came with a tandem lock-up garage. Perfect for our client.

Factoring in that 12 new comparable properties hit the market the week of the auction, we could see see that some of that pent-up competition might dilute - as it did on auction day. With other buyers suddenly pulling back and becoming confused, we confidently bid to snap up this superior property at an unexpectedly low price.

In just 17 days we secured a premium property for a client keen to purchase quickly in a rising market.


  We’re convinced that no other buyers agent offers such an unbiased and educated view on property investment as Prosper Group does.  

Mahlah Ludekens

Director - RecruitR

  The Prosper Group Team has managed our property in the most professional and dedicated manner.  

Lisette

MacMahons Point, NSW

  In all my dealings with Prosper Group I have felt the team really cared about the result, cared about the property and cared about our business relationship.  

Michelle Collins

Coogee, NSW

  It was like having a partner who was on my side – we had many discussions about all aspects of the property.  

GR

Managing Director - Paragon Crest Pty Ltd

  Without Prosper Group's help, persistence and expertise, we would not have found our ideal home.  

Alice & Jackson

  Prosper Group's negotiation skills reduced the price from $1,500,000 to $1,175,000.  

J.B.

Company Director & Investor

  Meticulous, thoroughly professional, very patient. A pleasure to deal with.  

E. Cassimatis & Family

  The value was returned in spades. I secured a great home that I would never have been able to find myself.  

Alan Arakelian

CFO - Bain and Associates

  Prosper Group was great. They were patient and found me the right property at the right price. I could not have asked for a better experience.  

Sascha Bannon

Surry Hills

  Thank you Prosper Group for all your hard work; you have found us an investment property that ticked all the boxes  

Carolyn & Anthony

Brisbane