Rent one and sell the other...
Mrs C, in her late 40s, inherited this property and developed it by selling one of the new homes and renting out the other for a handy income.
Location: Forest Hill
Owners: Mrs C
Property size: 1100 sqm
Knockdown old home cost: $12,000
Planning and subdivision: $20,000
Rebuild description: Two double story new homes each 25 sqm
Rebuild cost: $630,000
Total cost of the knockdown rebuild: $662,000
Outcome: Two new homes valued at $750,000 each with the sale of one leaving gross profit $88,000. Leaving one new home valued at $750,000 earning a rental income of $530p/w
To find out more about knocking down and rebuilding your own home contact us today on 9841 9998.
A couple looking at downsizing by capitalising on equity in their existing home with a knockdown rebuild solution. read more...
Mr & Mrs V are in their early 40s are raising 3 children in a small home and are looking to upgrade. A knockdown rebuild solution gave them enough money to buy that new dream family home. read more...
Mrs C, in her late 40s, inherited this property and developed it by selling one of the new homes and renting out the other for a handy income. read more...
Mr H, in his late 60s wanted to retire and travel around Australia without money worries. After his knockdown rebuild his dream came true. read more...