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This 809m2 corner site has a premium address with potential for 4 storeys and 7-8 upmarket units, and when we say upmarket we mean upmarket!
We’re talking well over $3m per unit. The site also has other development options but that is the clear winner. Buyers around $5m.
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There’s so much here… large house, pool, tennis court, garaging, studio and most importantly land. It creates options and makes knowing the
next move difficult to choose! On offer is over 2200m2 of land with a lot of extras. Our numbers point towards keeping the house, garaging
and pool on about 1000m2, then subdividing off two vacant lots for an equity gain of around $500k, not bad considering there’s no new
construction. Buyers around $2.15m.
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Large house and even larger land! On offer is a 1050m2 block (approx) with around a 26m frontage zoned LR within a short walk of a shopping
centre, allowing for subdivision down to 300m2 lots. The house is large, currently featuring 4 bedrooms, study, three living zones and one
bathroom. It is in very well maintained condition and we believe can likely be rented immediately for $850pw+. Conversion to a 5 bed, 2 bath
home for rent closer to $1000pw is also possible, but let’s face it, it is all about the land! Potential here is for 3 lots, each around
350m2 and with a 8.5m+ frontage. These would suit rooming accommodation, or considering the quiet location it would also suit small lot
homes. Equity gain is estimated at around $300-365k. It would have been $425k three months ago. Buyers at $1.7m should call Justin on
0410511535.
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You’re getting quite a lot here for your $1m outlay... 4 bedrooms with potential to create a 5th with one wall and one door,
above average rents, quiet position, 630m2 of land, huge 22m frontage and subdivision potential. On offer is a fairly large lowset home
featuring 4 built in bedrooms, two living areas, separate dining, two bathrooms, decent yard and a few sheds thrown in. About the only thing
it lacks is a garage. Research suggests potential rent as is of about $740pw. Not bad on a buy price of $1m with potential in increase rent
or subdivide in the future – that’s bang for your buck! Buyers at $1m.
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