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Making Tracks


Here’s an opportunity for you to ‘make some tracks’, the only question really is ‘which tracks are you going to make?’ On offer is an off market LMR2/3 site (you read that correctly!), that for once doesn’t feel over the top in price (you also read that correctly!) that comes with multiple options. Located in a quality suburb and in a quiet street (though it is near train lines), this North-South orientated, mostly flat 650m2 site with an 18m+ frontage offers up multiple options, so it is now up to you to decide what tracks you want to make. Of the options, top of the list is probably two new houses showing approximately 21.5% equity gain, or three townhouses at 28%. Buyers around $1.55m+.

Views


Located in a suburb that has started to move forward in leaps and bounds, this 875m2 LR site with a 20m frontage achieves cracking suburban and city views, perfect to take advantage of with two new vacant lots or two new houses. Currently on the site is a very neat a tidy post-war home, which also provides the option for land banking. We’re stuck a little bit between a rock and hard place though when it comes to price and numbers. At $1.6m buy, we don’t believe this is over the top for a quiet position, this much land and fabulous views, however, our numbers are falling short, though there is potential to achieve a premium price or market growth to get the numbers to work after 12-18 months. Buyers at $1.6m.

Family


This splitter block couldn’t be better located for families, being a quality suburb, super quiet street containing nothing but houses, park and playground at end of the street, bushland with adventure tracks around the corner, and within close proximity to some quality schools. Currently containing a reasonable sized rambling house, suitable for occupation if not ready to develop yet, the land is 809m2 and made up of 2 lots zoned LR, allowing for easy demolition and potential to gain house approvals without council’s involvement. Going to auction, our numbers support $1.9m buy for the construction of two new homes and an equity gain of 21%. Interested buyers should call Justin on 0410511535.

Light


We’re light on information here as the marketing includes limited detail about the house, and we’re yet to receive a return phone call from the agent, but based on the limited information we have and a few assumptions, there’s potential for this one to be exceptional buying. On offer is a protected house on 800m2 of Character Zoned land. Work to date (based on limited information) lends us to believe we can likely achieve two generally difficult outcomes: 1) demolition, and 2) subdivision into lots below the typical land size. If everything falls our way (and we will look to gain certainty during a conditional period), we have an opportunity to turn ‘light on information’ into a ‘shining light’ of a development! Numbers indicate approximately $350k equity gain. Not bad from a sub $1m purchase. Buyers should contact Justin on 0410511535.

 

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