Renovation increases rent by $50 p/w

July 30, 2013

The focus of this renovation was to increase the rent for our client. Initially the rental return was $390 a week, but by updating the kitchen, bathroom, and painting the house we were able to increase the rent from $390 to $440. Here are the before and after photos of the renovation… BEFORE AFTER 

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Renovation increases quality of tenant

July 30, 2013

At Erskine + Owen we are regularly planning and executing renovations for our clients. We know how much to do to maximise rental return, and we know how to get it done well and quickly at good prices so that you can get the property re-tenanted as quickly as possible – without the time wasting and…

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Renovation to increase re-sale value

July 30, 2013

The focus of this renovation was to prepare this property for sale. First we inspected the property and compiled a renovation strategy.  We then compiled a budget based on quotes from tradespeople we know and trust.  We designed a colour palate, which the client approved. Our process is designed to be stress free for our…

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Successful auction bidding on behalf of UK client

July 9, 2013

We were recently engaged by a Kiwi couple living in London who wanted to secure a property in Northcote, Auckland. They had identified two properties. We attended the first auction on their behalf. While we were bidding in the middle of the day they were sipping hot chocolate before bed. We were the underbidder on…

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West Auckland property with subdivisable potential

May 9, 2013

Client Brief: Wanted to start portfolio and had good purchasing power. Took our recommendation as to where and what to buy. Purchase date: Dec 2009RV: $565k Purchase Price: $545k – inclusive of our fee Equity on purchase: $20k Land: 1,153m2 – coastal Dwelling: 3 bed, 90 s/m do up, plus large garaging/ office Rent: $360 p/w…

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Helping to make a new Whangarei business dream come true!

May 9, 2013

Mike and Carolyn were looking to secure a property to launch their day care business. A site was identified and we worked through the process to negotiate the price and terms they required. They didn’t want to settle too early, but they needed access to renovate the dwelling ready for opening day. We agreed a…

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Client gets the 9.2% yielding property they want

May 9, 2013

We recently had a brief from a client to source a property with a value up to $1.5m and a 9% + yield. Jan 2013 our client went unconditional on the following: Purchase price $1.450m Rent $136k per annum Yield 9.38% Lease: 4 months in to a 4 year lease with 2 x 4 year…

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Private sale in West Auckland

November 9, 2012

Client Brief: 3rd property we had purchased them and they wished to achieve something with a higher yield than their previous purchases, 6% plus. Final yield was just under 7% after renovation. Significant equity was a bonus. Purchase date: Oct 2010 RV: $315k Purchase Price: $269k Equity on purchase: $46k Land: 675m2 – coastal Dwelling: 3 bed, 100m2…

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West Auckland focus on capital growth

October 9, 0201

Client Brief: Kiwi expat living offshore wanted to start NZ property portfolio. However needed guidance as to where to buy, and needed on ground expertise. E+O  delivered turn key solution – from advising where to buy for maximum capital growth to the finished, renovated and tenanted result. Purchase date: March 2009 RV: $350k Purchase Price:…

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