26 Seddon St, Ivanhoe VIC 307926 Seddon St, Ivanhoe VIC 3079Price: $2.200m
Avoid Council Open Space Contributions
These two side-by-side blocks offer great design flexibility and can be secured on desirable settlement terms.
Completed townhouses in the area consistently achieve $1.8m+ and the corner location and school zone options appeal greatly to affluent end buyers. The vacant land can be secured on a 12-month settlement, meaning minimum holding costs while permits are attained for 4 side-by-side street-facing townhouses.
This area demands $600k+ per townhouse site. Preliminary negotiations point to $550k per site. The completed homes will have beautiful first floor views and will enjoy the quiet, family-friendly surrounds.
Planning is very low risk. And, running two separate 2-townhouse applications means that over $100k of Council Open Space Contributions can be avoided.
This is a great project for resale profits and/or long-term retention for capital appreciation. It will suit new developers and experienced builder developers too. New, quality townhouses are in very high demand in this location.
Quiet, tree-lined street in a desirable location in an affluent suburb
Two separately titled blocks totalling over 1300m2 with dual street frontages
Rentable dwelling and vacant corner block
$2.200m
circa $2.400m
Private Sale
90 days dwelling, 12 months vacant block
$600/week and long settlement for vacant corner block
2.8% for dwelling block
House $1.410m | Unit $1.010m
6.8% p.a. over last 10 years
Lifestyle suburb, diverse and affluent population, multi school zones
Under market value, flexible settlement, clear planning, safe profits
Four large, semi-detached, street-facing houses
24 months from buy to sale
$5.933m
$7.280m
$1.347m
57%
23%
4.2%
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