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Affordable


Whilst the numbers only just make the grade, this property is most definitely very affordable, even more so when you consider all of it’s positive attributes. Consider this: quiet street, super handy location, larger than average land size, liveable house (subject to minor maintenance), development potential and all this for around $800k. So what’s the catch? A leaking asbestos roof, some noise from a main road nearby, and a bit of slope to the rear. Even with these items taken into account, the seller should realistically believe that they could be able to achieve $900k (in fact this is what they paid for it), but alas it hasn’t panned out that way. The potential here is to owner occupy, minor upgrades and rent it to land bank, or a two lot subdivision for rooming accommodation. Buyers at $800k should call Justin on 0410511535.

Going Off


This property is going off-market (for now). It is a 650m2 lot (approx) with an 18m+ frontage, zoned LMR2/3 with no character overlays. It has some minor flooding but it is gently sloping and we have the ability to fill above this. Further, the price would be a lot higher if it wasn’t affectged by water. It is in a quiet street and backing onto parkland. The opportunity is for a 2 lot subdivision for rooming houses, with the location bang on perfect for this. Our numbers indicate an 18.9% equity gain adn 9.2% gross rent return for a 2 rooming house development at a purchase price of $980k. Interested buyers should call Justin on 0410511535. 

Captured


Here’s your opportunity to buy a well located site to develop 4 townhouses that captures fabulous city views. The site has some qualities and quirks about it: it is a QLDer operating as three flats but well under rented. Despite being in a suburb with plenty of character there are no character overlays so we can demolish. It is a corner site but also not a corner site. And finally it is a short walk to busway and surrounded by non-houses so we can develop to 3 storeys as of right. The result of all that is we can develop the 740m2 (approx) block into 4 townhouses, all with city views.  Our numbers suggest a tick under 30% equity gain is achievable. Buyers at $1.75m should call Justin on 0410511535.  

Keep It Clean!


This off-market property feels affordable and comes with numerous development and investment options, but circumstances dictate that we likely need to be quick as well as clean with our offer. This property is 620m2 (approx) of LMR2/3 land in a quiet corner position with all services available. It currently contains a 3 bedroom, 1 bathroom house in reasonable liveable condition including a semi-modern kitchen, though a paint and new carpet would certainly give it a lift. We have the ability to leave the house where it is and subdivide, building a new home or rooming house on the second lot, or demolishing and building up to 4 terrace style townhouses (subject to more research). At the proposed purchase price of $1.1m there is also an investment or land banking strategy that could be applied. Interested buyers should call Justin on 0410511535. Note, our offer needs to be in by noon on Friday! 

 

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