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Latest Alerts

Hold


Here’s an attractive proposition for those who are interested in holding a large parcel of land with a better than normal income. On offer is 809m2 of LR zoned land with a well maintained 3 bedroom home. The bonus and where the extra income comes from is a modern lowset brick purpose built granny flat also located on the site. They’re currented rented combined to one party, but separately should be able to achieve $1300-1400pw rent. Not bad considering the site also has future subdivision potential. Buyers at $1.65m to $1.7m should call Justin on 0410511535.

A Little Bit Extra


This 1 into 2 lot subdivision opportunity is a ‘little bit extra’. At 23m wide (approx), each lot will be about 11.5m wide – that’s a little bit extra over the typical 10m width we see. At 930m2 approx, each lot will be about 465m2 – that’s a little bit extra over the 405m2 lot size we typically see. Whilst the suburb is ok, the street itself is ‘a little bit extra, being possibly the best street in the suburb (and in reality it should be included in the neighbouring suburb). Couple this with the fact it has a North-South orientation, slight elevation, and a NW through North to NE suburban aspect, everything about this spells ‘extra’. Let’s also not forget the existing brick home, whilst dated, is apparently immaculate and quite large with 5 bedrooms in total, so it may suit an owner occupier or land banker. The numbers support two x two storey homes for about a 19-20% equity gain. A simple project for a great outcome. Even the buy price of $1.45m represents good value considering the quiet street, large house on large land.

Upside


This 810m2 LMR2 site is surrounded by units and within a short walk of train, allowing 3 storeys as of right, which should net you 6 gun barrel style townhouses, but with potential scope to take advantage of proposed rule changes and achieve 4 storeys and reduced parking. Not a bad upside to have! Off market and looking at $1.7m to $1.8m.

Basic


Pretty basic and boring this one. We like basic and boring! Post-war house that is liveable, can be demolished, sitting on 2 lots of LR land, gently sloping and close to train and local shops. There’s three development options that stand out for the site, a fourth if we include simply land banking. Though the numbers for all three options are only average, the simplicity and state of the market make this alert worthy! Buyers at $1.45m.

 

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