Central Coast, NSW

Type of Property

Reason for purchase:

Purchase Price: $494,000

Estimated Value after 2 years: $670,000

Potential Development Profit $500,000

Client brief:

Too busy to find his next development site, our builder client asked us to help him find a development site for him. In a few weeks, we found the perfect property. The existing house is solid and delivers a good rental return whilst our client is waiting to develop. The site has a 20m frontage and is a 1035 sqm flat block which suits a 3 to 4 townhouse development.

Since this purchase, we have also assisted our client purchase a property in their Self-Managed Superannuation Fund in Brisbane.