Development Site – DA Approval Project

Maddingley, VIC

Development Site – DA Approval Project

Maddingley, VIC

Overview

  • Buyer Agent
  • Property Type

Description

  • Townhouse development site for additional 7 townhouses​
  • Retain existing house for higher yield​
  • Low holding costs due to rental returns​
  • Gross realisation 55%​

Gross Profit in 2.5 years

$505,920

 Property Cost$720,000
 Stamp duty​$40,000​
Buyer Agent Fee​           $15,000​
 Others​$2,000​
 Legals​$1,500​
 Holding Costs​$61,080​
 DA Costs​$40,000​
 Costs till DA$879,580
 Agent Fee(2% on sale price)​$29,000​
 Legal Fee (Selling)​$1,500​
 Total costs$910,080
 Selling Price$1,450,000
  • Address Maddingley, VIC

Details

Updated on May 20, 2024 at 1:17 pm
  • Property Type: Buyer Agent

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Vivek Trivedi
  • Vivek Trivedi

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Vivek Trivedi
  • Vivek Trivedi