Line Them Up
This super handy site is 809m2 of LMR2/3 gold. It is a corner site, and yes, one of the streets is busy, but the position is within walking distance of a monster number of amenities including trains and cafes. It is also a premium suburb, but because we front a busy road the result is we’ll be bringing to the market a more affordable product in an otherwise expensive location. What we particularly love is the corner allows us to line up 6 townhouses terrace style, which is always an attractive outcome. The location should also allow 3 storeys, which is how we are achieving 6 dwellings in total. We need to assume one common driveway but it may be a possibility to freehold these, though whether you choose to or not is up to you. Our numbers are indicating 24% equity gain, but your product only needs to be a midrange finish so perhaps there are savings to be made in construction. Buyers at $950k.