Sears St, Lutwyche
Description
350m2 vacant LMR land. Advertised as a house site but suitable for a duplex.
Strategy
Build two new 4 bed, 2 level, 3 bath, 2 car, freehold SUDs and retain for growth and rent.
Purchase Price
$405,000
Suits Client Type
First-time developer
Anticipated Outcome / Development Costs
Construction commenced early 2015. Approximate total project costs of $1,000,000.
Anticipated total end values of $1,200,000.
Twists
Getting more out of the site than others thought possible.