About Project

Purchased at auction for $650,000 in mid June 2016, this property sits on 627sqm of LMR zoned land, ripe for developing. Plans are being completed to retain the front house and build two new townhouses on the rear and bring this lovely original house back to life. Our feasibility outlines the potential to achieve over $325,000 in net profit, 118% return on equity and the ability to achieve almost $6,000 per annum of net cash flow. It should also derive around $230,000 of available net equity from the lender's perspective to park into the next development for this investor to continue his to achieve his financial goals.

Project Details
  • Client : Private
  • SKills : Development
  • Service : Buyers Agency
  • Date : Latest
  • Category : Small Development