location26 Seddon St, Ivanhoe VIC 3079

4 Townhouses on 2 Titles

Price: $2.200m

Safe Planning and Profits

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.

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

Quiet, tree-lined street in a desirable location in an affluent suburb

Block

Two separately titled blocks totalling over 1300m2 with dual street frontages

Dwelling

Rentable dwelling and vacant corner block

Purchase Price

$2.200m

Market Value

circa $2.400m

Sale Method

Private Sale

Settlement

90 days dwelling, 12 months vacant block

Investment
Rental Income

$600/week and long settlement for vacant corner block

Rental Yield

2.8% for dwelling block

Suburb Median $ Prices

House $1.410m | Unit $1.010m

Suburb Capital Growth

6.8% p.a. over last 10 years

Growth Drivers

Lifestyle suburb, diverse and affluent population, multi school zones

Why we rate it

Under market value, flexible settlement, clear planning, safe profits

Development
Development Scope

Four large, semi-detached, street-facing houses

Project Duration

24 months from buy to sale

Project Costs

$5.933m

Project End Value

$7.280m

Project Profit

$1.347m

Return on Cash

57%

Return on Capital

23%

End Rental Yield

4.2%

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