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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.

Schooled


Use all of your property investment and development know-how to make the most of this impressive development site, located in very close proximity to two highly desirable schools. This 650m2 (approx.) corner LMR site has options, the two clear winners being four townhouses (possibly freehold) or subdivision and two small lot houses. The townhouse option is showing potential for around 31% equity gain and the house option around 21%. This one is going to auction and we’re working on a price of $1.5m.

Versatile


This versatile property is heading to auction, which in our mind is a positive. It offers 607m2 of land with a near 20m frontage in a highly convenient location. It has gentle slope, all services accessible, a liveable house plus granny flat, and at least 4 different options depending on the buyer. Very versatile! Buyers up to $1.4m should call Justin on 0410511535.

 

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