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.