Bridgeman Downs Brand New Investment Property
Bridgeman Downs Brand New Investment Property was built on one of 2 in-fill blocks of land I had sourced. It was very evident that land was going to come under market pressure in the near future which is the best time to purchase. Always purchase in an area before increased market pressure leads to an increase in land values. By purchasing before this occurs, my customers receive capital growth.
The land cost here was $280,000 and is now valued at $440,000 2 years later. It follows the simple formula for success when building an investment property. Don’t think now, think 5 years ahead.
The total package cost was $520,000 with a good-sized 4 bedrooms 2 bathroom home. I built 2 of these and one has just sold for $615,000, which is not a bad profit for only 2 years.