Fantastic development in the seaside suburb of Semaphore. These types of developments are my favourites as we can de-risk a deal by keeping the existing house, renovate if needed and re sell to lower debt levels. We then pick up the land in the backyard for just a fraction of the cost.
– Purchase price $630,000
– Total development costs $1.2M
– Total exit value: $1.5m
- Country: United States
- Property ID 1204