• Tips for selling your property at auction

     


    Frank Valentic takes us inside an auction with tips to help sellers get the most out of their property sale

    Transcript:

    Today we're at a property that's just come on the market.  I think it's a really good property for investors but I've asked Cameron Frazer to come along and give us his expert opinion.

    So, Cameron.  This is the lounge room.  What do you think?

    Beautiful room.  The first thing I notice are the classic Art Deco features.  You've got the terrific ceiling rose, the steel casement windows which I love.  These sort of period features are fantastic for someone who really likes that style of house.

    When you're looking at an investment property, it's really important to look at the age of the property and the way it's been maintained.  A house like this - it's an older house but it's been really well maintained.  It makes a fantastic

    proposition.

    So Cameron.  In this home, the kitchen's already done. Is that a bonus?

    I think the great thing about this is, this kitchen is great, because it works for the house as it is with its two bedrooms, but it's big enough to allow an extension if you want later on in time.  Add another bedroom, expand out and keep the original kitchen so you don't lose the value of the investment.  It's probably twenty/twenty-five thousand dollar investment in the kitchen. 

    When you're buying to invest, a house that's had some work done to it requires little investment.  You're going to get it on the market.  You're going to minimise that vacancy rate.  Your'e going to maximise your return really quickly.

    So Cameron.  This would appeal to investors I think it's a really good block size.  

    Definitely.  This house lends itself to be rented out right now.  As we said, with all the great features and then later on youv'e got the potential to redevelop.  Add some more space, add another bedroom, expand, eventually, move in, become an owner occupier.  

    But still have the space out the back? Yes, still have the space out the back.

    Location is important so you get that capital growth. This is in a sensational part of Melbourne.  It's in a really good school zone, close to transport, so it's really got everything going for it.

    OK Cameron.  So we've got two off-street car spaces, really good location and it's an excellent school zone.  

    And for me it's a terrific sized block of land.  I love the period features and it's got that brand-new kitchen and bathroom which make it a really attractive proposition.

    So it's got our tick of approval?

    Absolutely.

     

    About the author

    • Frank Valentic

      You have seen Frank bidding at auction on the hit television show, The Block over the last five seasons and have witnessed his competitive instincts and energetic nature first-hand, joining The Block as a regular weekly Buyer’s Advocate judge in 2015.

      Away from the television cameras, Frank is the Director of Advantage Property Consulting and is considered to be one of Australia’s leading Buyer's Agents and Vendor's Advocates. Frank has now teamed up with The Great Australian Dream as the series Buyer’s Advocate to show viewers the many tricks and tactics to purchasing the right property at the right price.

      Frank Valentic
     

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