Timing perfect for investors to strike a great deal

first_imgThe home at 11 Coriander Drive, Griffin.WITH property, great timing and the right buyer can make all the difference.That was certainly the case for 11 Coriander Drive, Griffin, which sold from one investor to another for $465,000 on August 2.According to LJ Hooker sales agent Chris Pascoe the tenant’s moving plans allowed the out-of-town owner to prepare for sale.“I’d been speaking to this seller for about six to eight months and when I saw the market improving, I knew he had time on his side so we just co-ordinated the sale with the end of the lease,” Mr Pascoe said.More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019The outdoor area at 11 Coriander Drive, Griffin.He said the four-bedroom, two-bathroom home was in great condition, and the 639sq m site was a major selling point.“The street appeal, the location and also a big positive was the block size,” Mr Pascoe said.Mr Pascoe said the property proved its worth after another non-local investor looking for great returns snapped it up.“The rental range could be anywhere from $410 per week up to $440 per week,” Mr Pascoe said.He said the local property market was heating up. “I’ve been selling in Griffin for 10 years now, and the market currently is as good as it has ever been,” he said.last_img

Leave a Reply

Your email address will not be published. Required fields are marked *