Sourced by Sound Case Study

Sourced by Sound Case Study

Annerley, QLD

5 Bed | 3 Bath | 2 Car – House x 2

Our latest small scale development/custom build comes to completion. A strategic property investment for our client, 100% managed and delivered by Sound Property®.

“183% return on client’s funds in 24 months = $1m gross profit before tax.”

Investment Details:

  • Total development costs: $2.5m
  • Independent end value appraisal: $3.5m (2x $1.75m)
  • Return on development costs: $1m gross profit or 44%
  • Return on purchaser’s 20% deposit and costs: 183%
  • Timeframe: 24 months
  • 7km to Brisbane CBD in a blue-chip locale
  • 810sqm subdivision into 2 x 405sqm lots
  • 2 x 300sqm 5 Bed | 3 Bath | 2 Car – Houses

Read about our 15 Key Investment Drivers

Key Investment Drivers:

  • Long-term suburb growth: 8.87%p.a (past 20 years)
  • 2021 suburb growth: 19.9%
  • Vacancy rates: 0.9%

What we liked:

On top of this great result, the client will now benefit from $3,000/w in combined rental income (6.2% yield), making the investment positive cashflow as it grows further in value.

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This article is provided for general information only and does not constitute personal advice, as it does not take into consideration your personal circumstances. Please consult a licensed tax or financial advisor before making any decision to invest.