Ray White Bundoora

Month / March 2021

Address : 96C Cheddar rd, Reservoir Vic. 600 m/2

Website category : Double blocks / Multiple lots

Purchase price : $900,000  

Potential profit : $200,000 - $300,000

Front House resell on 300 m/2  4Br of $650,000 - $700,000 ( agent appraisal).
Rear unit 2 BR resell 300 m/2  of  $550,000-$600,000 ( agent appraisal).

Costs : 
Stap duty $40,000
other : land surveyor, establish seperate services , planning permits  $60,000

Total costs  $1,000,000

Re-sell total $1,200,000 to $1,300,000

Editors Notes :

Small sub-division requiring minimal effort with a solid return. Services will need to redirect to the rear property. Planning permits, land surveyor works required. Price just reduced from $1,000,000 to $900,000. 

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