Two Big Hamptons Homes

Sometimes fewer dwellings equals stronger profits

Andy approached us in mid 2020 with a common brief: Find him a profitable development project site +/- $1.3m, oversee all planning and design, tender the build, and assist with contract appointments.

We quickly zeroed in on a few suburbs that suited his parameters at the time and we identified a couple suitable sites within a fortnight. Our preliminary feasibility studies provided high level estimates of market values, site yields, costs, equity/debt requirements, and profitability.

Being interstate, we provided Andy with detailed suburb profiles that explained why these target areas suited him. He really liked this one, and we quickly firmed up our feasibility study, with feedback from Council, our preferred Town Planner, Arborist, Land Surveyor, Conveyancer and a couple local agents.

After purchasing the property, I project managed the entire design process and tied Andy in when his input was required. But given that he is a busy IT Professional and I develop property for a living, he was happy to let me run it with maximum discretion.

We moved onto completing build documentation – architectural drawings, civil and structural engineering, build specifications, etc. We tendered the build to three suitable builders, and assisted Andy in negotiating a fixed price build contract.

The project is nearly complete and Andy will be cleaning up. We have since purchased him another project.

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  • Investment
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Safe, community-focused lifestyle suburb with parklands, schools, shops; increasingly affluent


1230m2 with wide frontage and easy subdivision


Original but tidy brick veneer

Purchase Price


Market Value

up to $1.350m

Sale Method

Private Sale, 3 weeks Post-Auction


9 months

Rental Income

$500 /week

Rental Yield

2.1% gross

Suburb Median $ Prices

House $0.993m | Unit $0.760m

Suburb Capital Growth

6.0% p.a. over last 10 years

Growth Drivers

Lifestyle suburb, popular with wealthy 2nd/3rd home buyers, families who value school options and amenities

Why we rate it

Legal loophole allowed immediate subdivision; huge frontage; high end produce ceiling prices

Development Scope

Two large detached Hamptons Houses 37squares each

Project Duration

27 months from purchase to construction completion

Project Costs

$2.760m completed

Project End Value

$3.400m completed

Project Profit

$0.640m completed

Return on Cash

56% completed

Return on Capital

23% completed

End Rental Yield

3.9% gross

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