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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.

Much to Consider


There’s an awful lot to consider here – almost too much, so we suggest focussing on the property at hand. On offer is an 809m2 LMR site featuring 2 lots and with 3 storey potential. We’ve come about this via a friendly local agent who has missed out on the listing. They don’t know if the seller has signed with another agent and if so who, so our recommended approach is to make an offer via this agent, hopefully before the world knows about it, and go from there. The agent is of the belief the Queenslander style house needs to be retained, but as far as we can tell there is no protection and we are free to demolish/remove. Focussing solely on this property, we believe the potential is for 5 townhouses, showing about 28.5% equity gain… but there’s more to it than this. Buyers at $1.65m should call Justin on 0410511535.

 

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