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Latest Alerts

1, 2 or 3


This is an interesting proposition. A liveable Queenslander style house that could be renovated into something special, sitting on 809m2 of North/South facing land, zoned LMR2/3 and with absolutely cracking city views! The hardest decision you have to make is what direction to take next, as there is definitely an idea that land banking the site could work. So too a major renovation (especially if owner occupying). You could subdivide and create one new house, or subdivide and have a duplex behind, or perhaps even create 3 new townhouses behind. Do you go no new dwellings, one, two or three? Decisions, decisions! The property is located in a very quiet street within a premium pocket with possibly the only negative being the 8m of fall to the street, however, this fall will also allow the cracking views to be achieved from every dwelling, no matter which development you choose to proceed with. Our numbers range from 17.5 to 22.5% equity gain, depending on the scenario, however, the product will be unique so there is every chance of achieving higher end values. Buyers at $1.2m, which is only just above the $1.15m Government assessed Site Value.

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.

From Wipeout to Perfect Barrel


This seller has done the hard yards by gaining an Impact Assessable approval for a boundary realignment, house shift, extension and new house, but for whatever reason have decided not to proceed. He tried selling but at too much money during a pandemic. The result is a wipeout with them set to lose money! But you can turn their wipeout into a perfect barrel as our research indicates there is good money to be made here! This project will involve the shift, extension and renovation of a house, and the construction of a new house beside it for an anticipated equity gain of almost $500k or 21%. It gets better though, as the property is super well located, backing onto a creek, moments from hectares of parkland, inner-city and in a suburb undergoing heavy regeneration. Buyers at $1.05m.

Long Time Coming


It has been a long time coming for this alert. The seller has been trying to sell this property at various times for a number of years with a number of agents, a number of strategies and both on and off-market. There has been three reasons a sale hasn’t eventuated – initially a poor design, then a silly price, followed by a stupid strategy. The funny thing is, there is nothing wrong with the property, all issues have boiled down to the seller! So what has changed you ask? Firstly, they have an approval for three townhouses that has largely been forgotten about whilst they marketed a different strategy. This approval is actually pretty reasonable and also wouldn’t be approved today. Secondly, the price is finally getting into realistic territory. We are told $650k is what he’ll take, but $630k with a clean contract. We’re working on the latter price of course, regardless of how clean our offer is. Our numbers indicate a 20% equity gain, which only just makes the grade, however, it is already approved and 3 townhouse developments are probably the hardest to make work at the moment, hence it is alert worthy!

 

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