Cathles Road
Knowledge is key. By showing our clients a range of options, we demonstrated that it was commercially better to buy a modernised house rather than develop an unmodernised a house.
- Price
- £1,390,000
- Date Sourced
- December 2017
- Service
- Buying
- Result
- Inside Track, Market Knowledge, Quick Purchase
The Brief
British clients wanting to give their daughters their first step on the property ladder.
The Challenge
Our client instructed us to find her daughters their first London property. They were unsure whether to buy two separate or just one property, and whether to buy modernised or unmodernised. We showed them a number of options to help educate them on the market and what would work best. It was critical that the property be on a quiet residential street whilst still being close to shops and restaurants as well as being very close to the tube. It was also crucial that the property had two roughly equal sized bedrooms. We ended up securing a 4 bedroom terraced house on a prime residential road in Balham. The property was in excellent condition and the vendors were motivated.
What We Did
Using our network of agents and our knowledge of the area we were able to preview a prime house before it was officially launched to the market that matched our clients criteria perfectly. This gave our client an opportunity to act quickly in a very competitive domestic market. We were able to secure the house below the asking price on the condition that no further viewings go ahead and it was removed from the market. We ended up securing the property for £724 per sq. foot whilst the going rate on this road for similar properties can be in excess of £800 per sq. foot.
Testimonial
'My sister and I, were looking for our first home which we were to purchase together. At the very start of our search process when, we weren’t really sure what we wanted or whether both sets of needs could be accommodated. Thanks to Alex’s complete understanding of the market and grasp of the wide ranging brief we gave him, after only a month (!) of looking we found our perfect home and Alex managed to secure it at below the asking price. We cannot thank Black Brick, and especially Alex, enough for making our first house buying experience exceptional in every way. We definitely would not have our new home without them!'
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