Advice from Simon Abbott, Victoria’s specialist in blocks of units and off-market property.

Older apartment blocks—especially 1960s, 70s or 80s builds—can worry prospective buyers if big-ticket repairs haven’t been completed. Here’s how Simon approaches sales of these stock types:

1. Vendor Disclosure and Transparency

Simon’s number one rule: disclose major issues up-front. Investors want a clear understanding of the age, condition, and anticipated repairs—roof, plumbing, wiring, and façade are most scrutinised.

2. Repair or Discount?

Should you fix before sale, price accordingly, or sell ‘as is’? Simon often advises sellers to get independent quotes for major works, then decide if it’s worth completing or offering a discount. Buyer types (developers, long-hold investors vs value-add flippers) may prefer different presentations.

3. Attracting the Right Buyers

Maintenance-heavy blocks tend to attract experienced investors who know how to price risk. Simon matches sellers with local/building-savvy buyers, including syndicates open to renovations. Off-market sales may keep competition focused and costs low.

4. Inspection Insights

Always ensure common areas and problematic spaces are clean and accessible for thorough due diligence. Clear maintenance records and owners corporation minutes de-risk the process.

5. Real Scenario

A vendor in Geelong successfully sold a 70s brick walk-up block showing visible water damage. Simon’s targeted approach flagged upfront costs and helped two competing buyers see beyond defects—resulting in a quick, above-expectation sale direct through the investor database.

Conclusion

Selling an older block with issues is about transparency, smart positioning, and targeting the right buyers—often off-market. For a tailored valuation or to discreetly access Simon’s network, reach out here.