Case Studies

Take some time to explore the results that AllianceCorp investment property selection guidance, negotiation assistance, renovation and property management work have already achieved for investors of all levels of experience … investors just like you!

Regent Street

3/57 Regent St, Preston
The clients were a middle aged couple looking to start investing for retirement and approached AllianceCorp to assist them in purchasing their 1st investment property.

We took them out to see 4 properties, all of which were discussed and analysed. Each of the properties had the opportunity to add value through renovation, and we explained to the clients the benefits of purchasing an investment this way. After the inspections, the clients were interested in two of the properties. We went in to negotiate on both properties and ended up solidifying a deal on Regent Street for $320,000 which was a tremendous result.

After settlement we began the renovation, which was completed in only 6 weeks instead of our quoted 8 week turnaround. The clients were extremely happy with the renovation and were even more pleased that we added $41,904 in value to the property.

Investment Return

Purchased	$320,000
Renovation	$27,210
Market Value (after renovation)	$361,904
Value Increase	$41,904
Rent pwk	$335
Holding Cost pwk	$125
Current value	$380,000

Before renovation – Value $355,000 – purchased for $320,000

Unrenovated Comparables Sales

1. 6/383 Gilbert St, Preston (two bedroom apartment) Sold $357,000 – 20/06/2011
2. 2/46 Cooper St, Preston (two bedroom unit) Sold $373,500 – 04/12/2010

After renovation – Value $370,000

Toorak Road

22/401 Toorak Rd, South Yarra
Located in one of Melbourne’s most sought after locations, our buyers agent was able to save the client approximately $40,000 off the comparable market price on this wonderful two bedroom apartment, and then added a further $47,000 to the value after renovating. Although the property went to auction, AllianceCorp were able to secure the property for the client with a great bid.

Investment Return

Purchased	$550,000
Renovation	$21,000
Market Value (after renovation)	$597,000
Value Increase	$47,000
Rent pwk	$400
Holding Cost pwk	$130
Current value	$650,000

Before renovation – Value $590,000 – purchased for $550,000

Unrenovated Comparable Sales

1. 7/97 Caroline St, South Yarra (two bedroom apartment) Sold $610,500
2. 11/10 Kensington Rd, South Yarra (two bedroom apartment) Sold $596,000

Cumming Street

3/28-30 Cumming St, Brunswick West
AllianceCorp saved the client approximately $30,000 on the purchase of this high return inner-city unit, due to our relationship with the agents. Within 7 weeks the renovation was complete, adding another $40,000 to the property. The client had requested minimal involvement in property selection decisions, and the unit was purchased sight unseen.

Investment Return

Purchased	$300,000
Renovation	$34,000
Market Value (after renovation)	$370,000
Value Increase	$70,000
Rent pwk	$335
Holding Cost pwk	$90
Current value	$420,000

Before renovation – Value $330,000 – purchased for $300,000

Unrenovated Comparables Sales

1. 1/427 Brunswick Rd, Brunswick West (two bedroom unit) Sold $340,000 – 19/09/2009
2. 5/36 Murray St, Brunswick West (two bedroom unit) Sold $334,000 – 11/09/2009

After renovation – Value $370,000

Comparable sales of renovated properties from the same period

1. 6/4 Irvine Cr, Brunswick West (two bedroom unit)  Sold $410,000 – 05/06/2010
2. 11/137 Melvile Rd, Brunswick West (two bedroom unit) Sold $415,000 – 07/06/2010

Orrong Road

Orrong Rd, Armadale
AllianceCorp’s property investment advice assisted the clients in purchasing this 1 bedroom unit in Armadale, close to all amenities. The courtyard was completely transformed and is now a feature of the property. Small executive properties such as this are in consistent high demand in the rental market and see excellent returns, thanks to the basis of a fantastic location.

Investment Return

Purchased	$315,000
Renovation	$32,000
Market Value (after renovation)	$370,000
Value Increase	$55,000
Rent pwk	$330
Holding Cost pwk	$80
Current value	$500,000

Before Renovation

Unrenovated Comparables Sales

1. 3/49 Kooyong Rd, Armadale (no courtyard – 1 bedroom) Sold $320,500 – 26/09/2008
2. 5/62 Wattletree Rd (1 bedroom unit) Sold $369,000 – 20/12/2008

After Renovation

Renovated Comparables Sales

1. 11/49A Denbigh Rd, Armadale (one bedroom unit – no courtyard)  Sold $476,000 – 05/06/2010
2. 4/92 Wattletree Rd, Armadale (one bedroom unit) Sold $478,000 – 05/06/2010

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