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Success Stories

2 Villa - 3 Bedroom, 2 Bath Development


Equity Created:


The project ended with an equity result of $47,108 after the project management fee was deducted.


Rental Returns


The 2 villas are leased for:

$350 per week for villa 1
$350 per week for villa 2

Total rental return (in 2009): $700 per week or $36,400 pa


Gross Yield: 6%


The land for this development was purchased in February 2008. The purchase price for the land was $150,000. This property was carefully chosen for the client by Property Bloom™ for development for two main reasons:

  • The land is a 987.7sqm corner block with good northerly aspect, perfect duplex site.
  • The location. The land is situated in a premium estate at the foot of the Hunter Valley vineyards, located in a quiet no-through road, close to High School. Within close proximity of major facilities including; approx 3,5km to shops and post office, playing fields and parkland are within 1km, within 3.1 kms to the Hospital, within 1.9km to local golf course and Country Club and within 4kms to CBD.

Internal Living area Villa 1 – 3 bedrooms, 2 bathrooms: 123.5sqm
Internal Living area Villa 2 – 3 bedrooms, 2 bathrooms: 122.9sqm


Project Costs:

Purchase price for 987.7sqm land corner block: $150,000
Set up costs: $7,715
Cost to construct a duplex: $424,017
Items handled directly by PM to save: $39,107
Strata Title Subdivision Registration: $1,864
Total Costs $612,703

Final Valuations in 2009:

Villa 1: $340,000
Villa 2: $340,000
Total: $680,000


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