The Art Deco house other buyers walked straight past.
An experienced investor came to us frustrated. His last buyer's agent had underwhelmed him, and he wanted a property that would actually do something over the next decade, not just fill a portfolio slot.
The challenge
Most buyers who looked at this house saw the condition and kept scrolling. That reaction is exactly what makes a property cheap to buy and expensive to ignore. The problem wasn't finding a house. It was finding one where the thing scaring everyone else away was the opportunity, not the risk.
What we did
We weren't buying a house. We were buying optionality. A four-bedroom Art Deco residence in New Lambton Heights, a blue-chip pocket minutes from the John Hunter Hospital, caught at the point where supply, demand and affordability were turning from contraction into recovery. That is the phase that accelerates equity fastest, and almost nobody buys in it because it doesn't feel safe yet. The condition of the house thinned the competition further, so we negotiated with barely anyone else in the room. Condition was the opportunity, not the risk.
Three ways to win, stacked
The whole point of the buy was that it didn't rely on any single outcome:
Now: bought into a recovery phase for accelerated short-term equity.
Next: cosmetic renovation upside held in reserve.
Later: dual-occupancy and granny-flat potential, and eventually a full revamp sold to a high-income medical professional who wants to live minutes from the hospital in a ten-out-of-ten pocket. The house rents to that buyer today and resells to them tomorrow.
The result
It returns $950 a week now, is projected to more than double over ten years, and still has the renovation and dual-occupancy levers completely unpulled. One house, several ways to win, bought at a price its condition made possible and its fundamentals never justified staying at.
“Aaron was nothing short of outstanding throughout the entire home buying process.”
Every receipt started with one conversation.
No pitch, no lock-in. Tell us where you're looking. If we don't beat the bank valuation, you don't pay our fee.
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