Buying into the Ashgrove State School Catchment

Service: Search to settlement

Initial brief: Ashgrove State School catchment, split level modern home, 607m2 land, pool.

Revised brief: Ashgrove State School catchment, knock-down, 607m2 land

Outcome: Post-war home on 607m2 secured at auction under the revised budget (>$40k).  

Initial search: Following a period of sourcing and inspecting properties both within budget and the required school catchment, it became increasingly clear our clients were not going to settle for a property that didn’t match the quality and comforts of the new-build they had recently completed in a neighbouring suburb.

Strategic Pivot: Recognising the need to adjust our approach, we suggested shifting the focus to securing a property within the school catchment that could be demolished, allowing our clients to build their dream home from the ground up. 

Outcome: The purchase of a post-war home within a highly desirable pocket of Ashgrove, St John’s Wood. The home was purchased below budget at auction, providing additional financial flexibility. The property has since been cleared, and plans are underway to construct a custom-built home, tailored to our clients' specific needs.

Strategic Insights:

• Budget Parameters: The revised budget factored estimated costs to remove the existing home and construct a new one.  

• Equity Growth: Based on recent sales in Ashgrove, the completed house is expected to realise an immediate equity uplift. This increase in value will be a key asset, enabling our clients to leverage this equity for future investments.

This case study demonstrates the importance of flexibility and strategic thinking in real estate.  By taking the time to understand our clients feedback we were able to offer insight into an alternative scenario.  Our clients couldn’t be happier about their future in Ashgrove and we can’t wait to welcome them into our wonderful Ashgrove community.

At Tina James, we are committed to helping our clients achieve their property goals and make confident decisions. Contact us to learn more.