Off-Market Long Settlement

An incredible buy in an area that will boom

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.”

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Explore Details Across Property, Investment, and Development Tabs
  • Property
  • Investment
  • Development

Good improving infrastructure, amenities and demographics; progressive planning zone


Slightly sloping 697m2 rectangular block


Neglected and uninhabitable weatherboard

Purchase Price


Market Value

up to $0.960m

Sale Method



12 months

Rental Income

Uninhabitable N/A

Rental Yield

Uninhabitable N/A

Suburb Median $ Prices

House $0.750m | Unit $0.598m

Suburb Capital Growth

5.5% p.a. over last 10 years

Growth Drivers

Good improving infrastructure, amenities and demographics; widespread gentrification

Why we rate it

Well below market value; long settlement; safe planning; great growth prospects

Development Scope

3 semi-detached townhouses

Project Duration

17 months from purchase to permit

Project Costs

$2.270m complete

Project End Value

$2.700m complete

Project Profit

$0.425m complete

Return on Cash

44% complete

Return on Capital

19% complete

End Rental Yield

4.1% gross

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    Google Rating
    Based on 56 reviews