PROPERTY INVESTMENT CASE STUDY

Case Study of Property Investment

Overview

Vacant residential land purchased for $85,000 April 2012 Land was ‘flat as a tack’ 685m2 rear lot with a common shared driveway Unimproved Capital Value (UCV) of the land $103,000 30.6.13 Originally for an owner occupier, now as an investment.As a licenced agent, I had rung one of the builders I had done so

me previous work with and suggested to him there was a great deal to be had!!

In April 2012 he purchased the 685m2 rear lot for the pricely sum of $85,000 !

• He was looking for a reasonable sized 3 bedroom x 2 bathroom + double lockup garage (DLUG), in addition to a place for one of his grown up children to live. Ipswich Granny Flats suggested that on this size block we could potentially do a 3 x 2 x 2, but with some smart planning could also have space to do an Granny Flat under the same roofline with a common wall to the rear of the block.

• The whole finished product looks great. Each of the 2 buildings are divided by common wall which houses the DLUG + SLUG for the Granny Flat. A simple but effective idea for some noise control as well (anyone got teenage kids with loud music?). At each end of the L shaped building itself, they both have an undercover outdoor entertainment area on concrete slab – great for the outdoor BBQ or bad weather.

• There were a few small hurdles as the project moved forward. The private certifier requested extra e-rating glass as there was a noise buffer over the area due to it’s proximity to Amberley Airbase. Under normal circumstances, the build cost would be in the vicinity of $260K but due to the above was closer to $300k.

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