“Gary helped me find a property which I likely would not have looked at without his eye for a great property, he helped me analyse and decide what to do with it before and after purchase. With his clear analytical approach it was easy to see the potential in the property, I also looked at a number of other properties before buying with Gary and although my junior in years he was able to teach an old dog plenty.”
Before |
After |
---|---|
3 + 2 Bedroom | 4 + 2 + 4 Bedroom |
$1.46mil Purchase Price | $400k Development Cost |
Old Rent $550 + $420 = $970/wk | New Rent $695 + $480 + $700 = $1875/wk |
3.3% Gross Yield | 5.2% Gross Yield |
New Valuation $2.7mil | |
Value gain $900k |
Before |
After |
---|---|
Full section | 5 legal incomes: 4 + 2 + 2 + 2 + 2 |
$1mil Purchase | $800k development cost |
Old rent $600/wk | New rent $675 + $460 + $460 + $460 + $460 = $2515/wk |
3% Gross Yield | 7% Gross Yield |
New Valuation $3.2mil | |
Value gained $1.4mil |