High Return, Short Term Project
Property ID: 19898345
Land Price $525K
Build Price $400K
Estimated Value on Completion $1.2 Million
Estimated Profit $175K
Project Time 6 Months
The land is registered and ready for building. Located in an almost completely sold out and highly sought after new estate, in a highly desired part of Brisbane.
There has been high levels of interest and offers of $1.6 Million for a Hampton style house in the same estate.
We can assist you to build a smaller (300 to 320m2 total build size) but similar style 2 level house, with 4 bedrooms, 3 living areas, outdoor entertaining area, luxury fittings, pool and double lock up garage on this lot, for a total cost of a little over $1 million.
This provides great potential for equity uplift.
Based on the interest in the Hampton style house listed above, expectations are the completed property could sell for $1.2 to $1.25 Million, leaving you with a significant equity uplift. The completed house would rent for around $900 to $1,000 per week.
There have been 13 X $1 Million+ sales in the suburb over the past 12 months. Demand is high and values are expected to continue to rise on the back of the expected upswing in the Brisbane market.
Approval in in place for a new golf course to be constructed on land neighbouring the estate.
Multiple Schools State Primary and High Schools within 3km
Child Care Center 2km
Shopping Center 1.3km
Bus Stop 1km
Train Station 2.7km
Brisbane CBD 11km
Brisbane Airport 12.4km
For further details on this property call Jamie Wilson on 0433 204 473.