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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.

Bang For Your Buck


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.

Stack It


Thanks to the neighbouring developments it should be possible to stack this one a little higher than the rules allow, allowing us to potentially create 16 units on 809m2 of land. Despite being on a semi busy road, it is located opposite parkland with a fabulous Northerly aspect and is in a highly convenient and well serviced position, within a high quality suburb. Utilising the slope and mirroring the neighbours it should be possible to develop to 5 storeys and achieve 16 units. Our numbers indicate approximately 39% equity gain. Buyers around $1.95m should call Justin on 0410511535.

How Far to Take It


This is an intriguing property as it has options that may open up if a few things go our way, but an excellent development option if they don’t. On offer is a dated but solid 3 bedroom Queenslander style home  on a corner lot. The main development option is to retain the house on 400m2 and subdivide off a 300m2+ vacant lot, which you can choose to sell vacant (circa $400k equity gain) or build on (circa $665k equity gain). Everything starts to change if we can demolish. The house is protected but we feel there’s a decent chance of gaining demolition approval. If demolished, can we push things further and create circa 235m2 lots? The position suggests we’re a chance, and new homes on these small lots should achieve an equity gain nearing $1.7m or 31%. It all comes down to how far you want to take it. Buyers just over $1.8m should call Justin on 0410511535.

 

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