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Latest Alerts

Time


There is so much to love about this property, and we believe it has potential for a fabulous unit development and potentially fabulous numbers… but we’re not there yet and need some time. It will take hours, or possibly days to draw this up and better refine our numbers and at this point in time we don’t even know if we have a client who could undertake a project like this. We also don’t want to let this opportunity slip, hence the alert now. On offer are three houses side by side, each on 405m2, in a quiet street and in a popular inner-city suburb. Total land holding is 1214m2 (approx.) with a gentle slope. The land is zoned MR, which is where the first big opportunity lies, but what really sets it apart is it is situated directly opposite popular parkland, allowing for approximately 50% of units to have a parkland outlook. Not just satisfied with this, the rear of the complex should achieve a city view from the upper levels, meaning probably 70% plus of the units will have a desirable outlook. They want $1.45m per house firm, but we’ve plugged in $1.4m each for $4.2m total. We’ll need to see how we go!

Making Tracks


Here’s an opportunity for you to ‘make some tracks’, the only question really is ‘which tracks are you going to make?’ On offer is an off market LMR2/3 site (you read that correctly!), that for once doesn’t feel over the top in price (you also read that correctly!) that comes with multiple options. Located in a quality suburb and in a quiet street (though it is near train lines), this North-South orientated, mostly flat 650m2 site with an 18m+ frontage offers up multiple options, so it is now up to you to decide what tracks you want to make. Of the options, top of the list is probably two new houses showing approximately 21.5% equity gain, or three townhouses at 28%. Buyers around $1.55m+.

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.

 

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