Ridley Road Bridgeman Downs is a road in which there is a great deal of development going on. You could see that land was going to come under pressure and it was that factor that lead us to source 2 well priced blocks of land.
Land cost here was $280,000 and it 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.
Total package cost was $520,000 with a good sized 4 bedroom 2 bathroom home. I built 2 of these and one has just sold for $615,000, which is not bad profit for only 2 years.