A Happy Little Accident

We initially scouted this property as a two lot subdivision but during the course of investigations realised there may be an opportunity to buy the property for far less than it was worth. The 'happy little accident' that resulted was a property now worth holding long term. Purchased for $450k and now rented for $450pw, this modest house is also suitable for subdivision, which not only allows for an immediate profit making activity, but may also aid growth long term. Win! There were a few delays in getting this one over the line thanks to a lender withdrawing their support, but we got there in the end for a brilliant outcome!

Source: www.realestate.com.au