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Offmarket

Renovator + Build a Duplex At The Back; Capital City Location

Property ID: 16287325
Purchase Price $475K
Estimated Renovation Costs $60K
Estimated Costs Associated With New Duplex $522K
Other Costs $85K
Estimated Value At Completion $1,380K
Estimated Equity Margin $238K
Estimated Rent $400 + $480 + $480 = $1,360 per week.

There are a couple of strategies that can make you money with this property. The first is to renovate the existing house, sub-divide the land at the back and to build a duplex pair (subject to Council approval). Refer to the estimated figures above.

Another option is to knock down the house and sub-divide into 3 lots (again subject to Council approval).

The house is in a quite street in a Capital City, with many facilities nearby.

There is a Bus Stop diagonally across the road plus a School and Childcare centre just around the corner. Up the road 400m are a number of restaurants and a park just beyond.

Within a few minutes drive there are a number of Schools and Childcare centres, a Train Station with direct access to the CBD and a Bunnings.

Just 1.4km away is a major Shopping Centre with almost 300 stores covering more than 76,000m2, anchored by Woolworths, Coles, Target and Big W. The centre has more than 4,000 carparks, Australia's 6 Largest Banks, Australia Post and many of the country's largest retail franchises.

Within 10 minutes drive there are 2 Private Hospitals, a Boat Harbour, Sporting Clubs, another major Shopping Centre and a University Campus.

For further details about this project call Matthew Barnes on 0430 979 900.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 684m2

Type: Residential, House

Investment Strategy: Renovate and Build to Add Value

Total Return On Costs: 23% less Selling Costs

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 684m2

Type: Residential, House

Investment Strategy: Renovate and Build to Add Value

Total Return On Costs: 23% less Selling Costs