1x3BR townhouse & 1x4BR townhouse.
The completed – turn key cost will be $630,000. This includes land costs, building costs, landscaping etc. This is a 100% fully costed development. Certified plans with HIA contracts etc will be supplied. Build time is 14 – 16 weeks completion.
One of the benefits of this project to a completed one is that buyers will only pay stamp duty on the land portion, which will save you a lot of initial upfront costs.
Investment return:
3br townhouse – $430 pw approx
4br townhouse – $460 pw approx
Total per week – $890 pw. approx
Above rental per week figures are realistic with amounts gained from similar properties currently leased.
ROI on your investment of 7.1% pa.
Please note this doesn’t include deprecation, capital growth or any other benefits of purchasing a brand new property.
Potential – immediate capital growth if sold after completion – mid range $740,000 (3br townhouse would likely achieve $350-$368k, 4br would likely achieve $380k – $395k).
Builder is ready to go, plans are approved with council. just require an investor.