Marrickville, NSW 2204
Type of Property: Apartment
Reason for Purchase: Primary Residence
Address: 5/51 Woodcourt Street, Marrickville NSW 2204
Buying a home for the first time is a daunting process for most. Typically there is uncertainty about what they can afford, what to spend, and also the stress and lack of experience throughout the buying process itself; i.e. finding the ‘perfect’ property that meets their criteria and being able to get ahead of other buyer competition.
A lovely first home buyer was referred to Cohen Handler through her mortgage lender who felt the client’s property search was going on for too long and without any success nor progress. The client met with us and was given honest and upfront advice as to what was achievable in her preferred target areas and price range.
The sub $700k sector in Sydney’s Inner West market is one of the most competitive sectors as you typically attract all types of buyers; first home buyers, SMSF buyers, investors and the like. Getting ahead of such a competitive environment combined with low supply, my client and I witnessed 1 bedroom apartments sell in excess of the $750k-$800k which was well above budget.
Knowing the right opportunity was around the corner, we identified a fantastic 2BR, 1 Bath, 1 parking top floor apartment in a boutique block in a quiet cul-de-sac in Marrickville and ensured we could see it at the earliest convenience. Following a Saturday afternoon inspection, we progressed negotiations over the weekend and secured it unconditionally for $680,000 on Monday.
Timing, strategy and a solid negotiation process with the agent was key to our success. After looking extensively and losing hope on her own for close to a year, our client is over the moon and beside herself now that she has not only found a property that ticks every box, but she managed to get an extra bedroom too, all within budget.
About the Property:
Located at the end of a leafy cul-de-sac this sunny 2 bedroom apartment with timber floors throughout and offers a great opportunity for first time home buyers or investors. Within a small boutique security block of eight and only 200 metres to City Buses on Marrickville Road or 1 kilometre to the vibrant Marrickville Shopping Village with its array of Cafes and eateries as well as 1 kilometre to Dulwich Hill Railway Station.
Other features included;
• Bright living/dining room
• Eat in kitchen & separate internal laundry
• Two double bedrooms (main with balcony)
• Original bathroom with shower over bath
• Car space at the rear of the block