Case Study: Strategic Subdivision and Renovation Project in Daisy Hill
Property Overview:
- Purchase Price: $1.1 million
- Current Value: $1.3 million
- Property Type: Two-storey corner block with DA approval
- Lot Size: 799m²
- Location: Daisy Hill, Queensland
- Subdivision Potential: Approved for division into three lots
- Projected Gross Profit: $500,000
Project Strategy: The primary objective of this project is to maximise the return on investment through a strategic subdivision and renovation plan. The property is ideally located in Daisy Hill, a sought-after suburb, and is in close proximity to one of the State's premiere private schools, John Paul College.
Step-by-Step Plan:
- Subdivision:
- Approval Status: Development Approval (DA) for subdivision already obtained.
- Action: Subdivide the 799m² corner block into three separate lots.
- Outcome: Increase the overall market value by creating three saleable parcels of land.
- Renovation:
- Property Features: The main house, located centrally on one of the lots, will undergo renovation.
- Living Spaces: This two-storey home includes three bedrooms, all with built-in robes, ceiling fans, and security screens. The upstairs living area has timber flooring, reverse cycle air conditioning, and a modern kitchen with stainless steel appliances.
- Additional Spaces: Downstairs features a large rumpus room (or potential fourth bedroom), a separate toilet, and internal access to a twin lock-up garage.
- Exterior: The property boasts a fully fenced yard, a 3x3m garden shed, and additional parking space behind double gates for a boat or trailer.
- Sale of Subdivided Lots:
- Market Strategy: Once subdivided, the individual lots will be put on the market.
- Target Audience: Potential buyers include families looking for land near a prestigious school and investors seeking properties in a high-demand area.
- Renovation and Sale of Central House:
- Renovation Focus: Enhance the interior with modern finishes, update the kitchen and bathrooms, and improve the curb appeal.
- Sales Strategy: Market the renovated house as a prime residence with a massive backyard, suitable for families and professionals.
- Timeline and Profit Realisation:
- Project Duration: Complete the subdivision and renovation within 10 months.
- Projected Profit: With the current market value at $1.3 million and a projected gross profit of $500,000, the total expected sale value post-renovation and subdivision is approximately $1.8 million.
Lifestyle and Location Benefits:
- Proximity to Schools: Short walking distance to John Paul College.
- Access to Amenities: Close to local shops, schools, and easy access to the M1.
- Outdoor Living: Expansive backyard, pet-friendly environment, and plenty of space for outdoor activities.
Property Features:
- Air Conditioning: Reverse cycle air conditioning in the upstairs living area.
- Security: Security screens and doors throughout.
- Parking: Twin lock-up garage with off-street parking and dual driveways.
- Storage: Ample storage space with a large rumpus room and garden shed.
Conclusion:This project in Daisy Hill represents a lucrative investment opportunity with significant potential for profit through strategic subdivision and renovation. The property's prime location, coupled with the existing Development Approval and its numerous features, positions it well for achieving the projected financial returns within the specified timeline.
