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Latest Alerts

It Is Tight!


The agent hasn’t marketed any development options for this site, and even if he did, we daresay he’d be thinking a two lot subdivision, but we know better! Yes it will be (very) tight, but we can actually achieve 3 lots out of this 840m2 (approx) site, suitable for accommodating 3 rooming houses. The front houses will be small and tight, but we’ve proven to ourselves each can contain 5 self contained rooms. The best bit is the proposed purchase price of $850k represents only $283k per lot raw! Numbers are indicating around 9.8% gross rent return and 20% equity gain. Interested buyers should call Justin on 0410511535. 

Joy to the World!


Bring some joy to your world with this development site! This property is suitable for a 3 lot subdivision, and whilst initial indications were that we’d need to be at or above $1.5m, the timing of this listing in the lead up to Christmas, and advice from the agent (who is already on holidays) is that we have a chance at securing it for $1.4m. Joy! This site is over 900m2 and near shops allowing for subdivision down to 300m2 lots. It is in a desirable location and also contains a reasonable house, suitable for land bankers and owner occupiers. The numbers are indicating approximately $200k equity gain, but it isn’t as simple as that. Read on! Buyers at $1.4m should call Justin on 0410511535.  

Foot in the Door


This is a great opportunity to get your foot in the door, with the opportunity to purchase a property that can be subdivided, located in a quiet cul-de-sac, in a handy location for under $800k. Unfortunately, the house is in poor condition and it isn’t worth renovating, so this is on to subdivide with the option to then develop rooming accommodation. It is 607m2 with a nice wide frontage of 19m (approx), though a slightly odd shape at the rear. Buyers at around $790k should call Justin on 0410511535. 

Dive Into the Unknown


There’s a lot to like about this property, with some answers already available to us thanks to a previous  approval. The main issue with the site though is the approval doesn’t stack up, so as always we’re looking to improve on it, in this case by creating 5 townhouses instead of 4 units! Whilst the existing approval answers some questions, others remain so we’re diving into the unknown a little bit. As a result we will need a decent conditional period here to work through it, something to be carefully considered with Christmas just around the corner, but if everything pans out the way we hope we’re looking at over 31% equity gain. As a little sweetener, the existing house is quite attractive and should probably rent for around $750pw whilst you wait for your approvals. Buyers around $1.4m should call Justin on 0410511535. 

 

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