Two Townhouses to Hold

Buy to hold and then develop

David is a long-time client who took our advice shortly after COVID hit – the market will rebound quickly, it’s time to buy from motivated and fearful vendors. We bought him 2 ripper investments within 6 weeks and he’s seen them rise considerably in value since.

This property is within an area that we rate for capital appreciation AND for development profits. It made perfect sense for him given his intentions to eventually develop for long-term retention. The vendors were originally seeking $1.30m+ and knocked back an offer just under that amount before COVID craziness ensued. It languished on the market and we negotiated hard for a bargain price of $1.025m.

David appointed us to project manage the planning and design process with our preferred consultants. He and his wife were involved in all major decisions, and we landed really attractive plans that will appeal to young professional renters once they ultimately decide to build.

He had some kind words about us: “A few years ago I wanted to purchase a townhouse development site, it was something I always wanted do. I had experience in buy & hold property investing however I had never done a small development before so I researched several companies and found Property Analytics. Andrew has been great to deal with – he is honest, professional and reliable. I have gladly recommended him to family and friends.”

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

Gentrifying with strong demand from diverse population


620m2 rectangular sloping up


Tired but rentable brick veneer

Purchase Price


Market Value

up to $1.1m

Sale Method

Private Sale, 3 weeks post-auction


3 months

Rental Income

$450 /week

Rental Yield

2.3% gross

Suburb Median $ Prices

House $1.210m | Unit $0.750m

Suburb Capital Growth

5.3% p.a. over last 10 years

Growth Drivers

Affluent demographic; very popular with medicos; widespread gentrification

Why we rate it

Well under market value; safe development profits; strong capital growth prospects

Development Scope

Two attached, 2.5 story 4bed/3bath dwellings with 4car garages

Project Duration

12 months from purchase to endorsed plans

Project Costs

$2.885m Turnkey

Project End Value

$3.400m once completed

Project Profit

$0.515m once completed

Return on Cash

49% once completed

Return on Capital

18% once completed

End Rental Yield

4.2% once completed

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    Google Rating
    Based on 56 reviews