Land subdivision into 3 Lots – Multiple Strategy Deal
About The Client
- A very busy medical practitioner who has no time nor expertise in property development. Has a lot of equity to invest in brick and mortar using the services of a property consultant.
- Location: NSW- 50km from Liverpool CBD
- Land size: 1500m2
- Strategy: Renovation of the existing house, subdivision into 3 Lots and sell the existing house and the 2 blocks of land.
Let’s talk numbers-
- Asking Price: $490K
- Negotiated price: $485K
- Client Saved: $5K
- Cost of renovations, Acquisition, and the land subdivision: $200K
- Sale of the renovated house on a smaller block of 500m2: $400
- Sale of each land Lot: $300K X 2 = $600K
- Total realized profit before all expenses: $315K in 8 months.
Asking Price: $490K
Negotiated price: $485K
Client saved: $5K
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+61 431 577 620
3 Darren Ct, Glenwood NSW 2768, Australia