Sam is a successful financial advisor who wanted to build a property portfolio the smartest way – through small scale development.
I rate this suburb highly for future capital appreciation and it fit his parameters perfectly. We reached out to a handful of local agents and this off-market was an absolute stand out. The vendor was asking $850k. A near-identical property on the same street 8 doors up was selling EOI later in the week, and I knew firsthand that it would sell for at least $100k more (it ended up selling for $0.960m).
We completed a full project feasibility, and confirmed key assumptions with a good town planner and architect we know well. Sam liked it, and loved the terms we negotiated – $0.830m on a 12 month settlement.
Immediately after purchase, Sam appointed us to secure planning permits for 3 semi-detached townhouses per our feasibility study. Council issued the permit. Sam is sitting on it and intends to build for long-term retention.
He had nice things to say about our service: “Andrew has proven himself as extremely professional, reliable and acts with the highest integrity. We engaged Andrew after meeting him through a web seminar and could not be happier with the insights and project management capability that he brings. Recommend to anyone looking to make their next move in property.”
Good improving infrastructure, amenities and demographics; progressive planning zone
Slightly sloping 697m2 rectangular block
Neglected and uninhabitable weatherboard
up to $0.960m
House $0.750m | Unit $0.598m
5.5% p.a. over last 10 years
Good improving infrastructure, amenities and demographics; widespread gentrification
Well below market value; long settlement; safe planning; great growth prospects
3 semi-detached townhouses
17 months from purchase to permit
Harvey is a big earner, building a portfolio of negatively geared properties with value-add
Price : $1.850m
Location : Blue chip, affluent, close to hospitals, transport, shops and parks
Scope : 3 large, quality, detached houses
Profit : $0.900m
Return on Cash : 48%
Jim semi-retired from finance young and is building an impressive portfolio
Price : $0.950m
Location : Urban, gentrifying, with good transport and access to CBD
Scope : 4 attached street-facing townhouses
Profit : $0.475m
Return on Cash : 45%
Jack asked us to JV with him on a bigger site, and this made sense for us both.
Price : $2.125m
Location : Quiet, leafy, family-oriented with top schools and shops
Scope : 8 townhouse with dual access
Profit : $0.675m
Return on Cash : 58%