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Success Stories

Luxury 2 Villa Development


Equity Created:


The project ended with a net equity result of $63,359 after the project management fee.


Rental Returns


The 2 villas have been leased for:

$350 per week each

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 was $150,000. This property was carefully chosen for clients by Property Bloom™ for two main reasons:

  • The land size is 1002.4sqm and we could build two spacious 3 bedroom villas.
  • The location. The land is situated in a premium estate at the foot of the Hunter Valley. The properties are elevated with views across the estate which is considered the best area to live in and has a high standard of new homes. The villas have been architecturally designed specifically for this land and estate and to attract discerning tenants. It is close to a high school and within 3kms to the main CBD.

Internal Living area of Villa 1 - 3 bedrooms, 2 bathrooms: 123.8sqm
Private Courtyard for Villa 1: 145sqm
Internal Living area of Villa 2 : 121.90sqm
Private Courtyard for Villa 1- 3 bedrooms, 2 bathrooms: 114sqm


Project Costs:

Purchase price for 1,002sqm land: $150,000
Set up costs; legals, stamp dute: $6,640
Architect Design fee: $3,300
Legal, consultant fees to lodge Sect 82a: $2,250
Builder’s Contract to construct 2 x 3 bedroom villas: $447,297
Total Costs $609,487

Final Valuations in 2009:

Villa 1: $350,000
Villa 2: $350,000
Total: $700,000


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