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.