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Single wanting a high-yield investment
Single wanting a high-yield investment
Family type: Single
Investment strategy: Initially 2 dwellings in one building for high rental return which changed to sell both dwellings upon completion for immediate profit.
Property type: Duplex
Location: Fern Bay, NSW
The investor’s goal
This interstate investor initially wanted a high yielding investment. A duplex matched the criteria which was sourced and project managed all the way to being strata titled.
Upon completion the investor chose to sell both properties individually for a considerable profit.
Project length: 19 months
Land: (including stamp duty) plus construction cost (including strata titling): $776,514
Sale – Lot 1: $480,000
Sale – Lot 2: $505,000
Gross profit: $208,486
Get the right property
investment.
- Work out if you’re in a position to buy
- Understand how much you can borrow
- Know fact from fiction when it comes to investing
- Learn property investment tips
- Get a plan and find the right property.
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