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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! 

Hold Me


This off-market (for now) property is very interesting, because at its core it is very affordable for the suburb, and potentially offers more than you would first imagine considering it’s 495m2 land area and CR2 zone. It will also hugely benefit from new infrastructure, making it a great location to own a rental property. The issue with it though is the numbers are only just ok for a duplex development. Regardless, we like this one due to the location being 110% ideal for an investment property, and everything that is going on around it. Buyers between $1.1m and $1.2m should call Justin on 0410511535. 

In a Spin


This property has our head in a bit of a spin. It has some massive positives: quiet street, quality location, ability to demolish, multiple development options, decent land size and most of all, very high quality views that can’t be built out. In comparison with what is out there, these attributes all easily support the proposed purchase price, potentially even for a single new house build. Where we’re in a spin is with a lack of comparable sales for all options. There has been little to no sales of new product that we can call a direct comparison, and when it comes to townhouses none with our views. It makes determining the best path forward difficult. For now, we’re working on around $230k equity gain from a 2 lot subdivision, about 20% equity gain for two new homes, and around 29-30% equity gain for 4 new townhouses, but all options need to be carefully considered and researched. Buyers at $1.5m. 

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. 

 

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