Sold September 2020

Copeland Rd, Hastings, NZ

Purchase Price

Purchase Price

$ 580k

Achieved Sales Price

Achieved Sales Price


ROI on Sale

ROI on Sale


About this opportunity

This was our first subdivision deal, and what a deal this was.

We purchased the property with approved plans for subdivision. The vendor started the process however could not complete the subdivision as they ran out of funds.

We picked this up and split the block into 3 sections. The front two sections had each a dwelling on, and the back section was a open section that could be developed.

We renovated the front two dwellings, each with their own sleepout. We sold these and the back section was purchased by the neighbors.

We were able to complete this deal within 1 year.

Before Image gallery

After Image gallery


Deal Numbers:

Purchase Price $580,000
Renovation/Building Cost $ 49,000
All other costs  $48,000
Sale Price $879,500
Profit (Post GST) $202,500
Raw ROI 81.98%
Term 12 months