Secure Area...

To view this content, please log in by entering your e-mail address and password below.

E-mail AddressEnter your e-mail address
PasswordEnter your password
Lost Password

 

You cannot access this page because:

  • You are not logged in.

Latest Alerts

Hedge Your Bets


This is a great site, that would be a super great site if we could demolish the house. Unfortunately, despite some strong arguments for demolition, we need to assume this very average house (that would have originally been a nice colonial) needs to stay, so we need to hedge our bets. But not to worry! Whilst the numbers aren’t as good, there’s still terrific upside and a fantastic development option up our sleeve. On offer is a 740m2 (approx) corner site zoned LMR. Whilst demolition would result in 4 new freehold terrace style homes, the more likely scenario is retention, subdivision and a dual occupancy (i.e. a duplex) in the rear portion of the site with frontage to the side street. The numbers for this indicate a very respectable 24% equity gain – not bad considering our plan involves limited to no renovation, and the construction of only two new townhouses. Buyers at $1.57m should call Justin on 0410511535.

Be Smarter


This site comes with complexities, complexities that we (and our planner) believe are easily overcome but appear to be too much for this seller. On offer is a 620m2 relatively flat, corner site zoned LMR, that has one frontage to a main road with a proposed widening. This widening appears to have stumped the seller with their current application, but appears more than workable with some minor adjustments to the proposal. We’re proposing a two lot subdivision for rooming accommodation. The site may also suit townhouses but we don’t believe this will stack at this point in time. Alternatively, the existing 4 bed house is bringing in $650pw, so there may be scope to hold and consider townhouses at a later date. Despite the main road position, the location is awesome, with pub, cafes, fast food, local shops, Coles and train all within a hop, skip and a jump. Buyers at $1.08m should contact Justin on 0410511535.

Glass Half Full


This subdividable 607m2 block has some pipes in it, which on first impressions may be considered a negative, but as we’re glass half full kind of people, we see them as a positive! Firstly, the stormwater pipe allows subdivision without involving the neighbours despite the slope to the rear. The fact the agent doesn’t appear to be aware that you can subdivide is an added bonus – let’s keep that a secret. We also think the pipes will detract from standard house buyers and knock-down-rebuild developers, but we’re proposing rooming accommodation and the pipes certainly won’t affect rent or end value, just a little bit when it comes to design and construction cost. The location is perfect for rooming, and to be frank, sub $1m for a subdividable block is this location is excellent buying. Buyers around $950k should call Justin on 0410511535.

Bowled Over


This could be an interesting opportunity, and there’s no doubting the quality location. The issue we have is contradictory land sales that is holding us back. On offer is a derelict house on two lots in a premium family home location, that achieves quality views. Whilst there are character overlays, we are supremely confident at achieving being able to bowl it over as the house in structurally unsound. The plan would be removal then sell each vacant lot (or build on them if you so choose). Understanding end values is difficult though, with two land sales supporting end values that make our numbers hum, and one land sale that is holding our numbers back. We’ve deliberately decided to ignore the agent’s land appraisal and go conservative, which, unfortunately has us falling short with our numbers. However, the market is hot and not everyone will take the conservative approach. Some can buy cash so there will be savings there. Others may look at this to build their own home on, which changes the numbers again. For these reasons we’ve decided to put it out there! And we only need a 3% increase on the end values we’ve settled on for this to work. Buyers at $2m+ should enquire.

 

Join our community

Community

Join Our Community

Keep up with the latest developments in the market for established properties in South East Queensland.

 
E-mail Address:
Full Name:
Postcode:
 

© 2025 Investigate Property.

Home   Contact   Disclaimer   Privacy   Sitemap   Web by ChuChi Design. Powered by Oncord.