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Bang For Your Buck


You’re getting quite a lot here for your $1m outlay... 4 bedrooms with potential to create a 5th with one wall and one door, above average rents, quiet position, 630m2 of land, huge 22m frontage and subdivision potential. On offer is a fairly large lowset home featuring 4 built in bedrooms, two living areas, separate dining, two bathrooms, decent yard and a few sheds thrown in. About the only thing it lacks is a garage. Research suggests potential rent as is of about $740pw. Not bad on a buy price of $1m with potential in increase rent or subdivide in the future – that’s bang for your buck! Buyers at $1m.

Stack It


Thanks to the neighbouring developments it should be possible to stack this one a little higher than the rules allow, allowing us to potentially create 16 units on 809m2 of land. Despite being on a semi busy road, it is located opposite parkland with a fabulous Northerly aspect and is in a highly convenient and well serviced position, within a high quality suburb. Utilising the slope and mirroring the neighbours it should be possible to develop to 5 storeys and achieve 16 units. Our numbers indicate approximately 39% equity gain. Buyers around $1.95m should call Justin on 0410511535.

How Far to Take It


This is an intriguing property as it has options that may open up if a few things go our way, but an excellent development option if they don’t. On offer is a dated but solid 3 bedroom Queenslander style home  on a corner lot. The main development option is to retain the house on 400m2 and subdivide off a 300m2+ vacant lot, which you can choose to sell vacant (circa $400k equity gain) or build on (circa $665k equity gain). Everything starts to change if we can demolish. The house is protected but we feel there’s a decent chance of gaining demolition approval. If demolished, can we push things further and create circa 235m2 lots? The position suggests we’re a chance, and new homes on these small lots should achieve an equity gain nearing $1.7m or 31%. It all comes down to how far you want to take it. Buyers just over $1.8m should call Justin on 0410511535.

High End


This 809m2 block is considered large for this high end location, where vacant 405m lots can sell for North of $2m. Located in a quiet street just metres from cafes, shops and lifestyle and under 3km as the crow flies from the heart of the CBD, this off market CR2 zoned block is perfectly suited to a 2 lot subdivision, with the option to then sell vacant or build. At this stage it appears selling vacant is the best move, with potential equity gain of $400k to $585k, depending on the initial purchase price and end sale price. Buyes $2.55m to $2.75m should contact Justin on 0410511535.

 

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