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Medium Density – Build Three or more Villas

property bloom Medium Density

Figures below are based on an actual 3 villa development

Purchase price for 1000sqm land: $193,000
Stamp duty and purchase costs: $9,000
Build 3 x 3 bedroom villas on the block: $665,000
Council Developer Charges: included in build cost
Strata Subdivision: included in build cost
TOTAL COST $867,000


Note: Interest payments are not included as a project cost. Clients may benefit from tax rebates on interest and are advised to seek accounting advice.  Land costs will vary based on location and land size.  Construction costs will increase with time.

 

End Value is Determined by an Independent Valuation

Actual valuations of the new three bedroom units were $340,000 each.

 

This gives a total end valuation of $1,020,000.

 

 

Equity Created

The difference between the cost $867,000 and the future value of $1,020,000 creates equity of $153,000 in approximately one year.

 

Property Bloom is not a Financial Planner please seek independent advice.

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