This site comes approved for 7 units and is in a wonderfully handy location that also has lifestyle merits. There’s 6 x two bedroom units and 1 x 4 bed, 3 bath ‘penthouse’ unit, which would suit both a developer who’d look to owner occupy as well as a downsizer. The site is affected by flooding and overland flow, but the design takes care of this and is where the approval is of great value – no risk or uncertainty trying to get it through today. Further, you’d never have any chance of gaining the same approval again. The site in 800m2 approx and in a very handy street just 4.8km as the crow flies to the CBD. Our numbers are indicating about 23.5% equity gain, which is more than reasonable when you consider it is a relatively small development (for units) and already approved. This property started life at $1.1m+ but we now believe we can buy for $900k.