Purchased March 2021 – Sold October 2021
111 Albert Street, Gladstone, Invercargill, NZ
Purchase Price
Purchase Price
$ 600k
Achieved Sales Price
Achieved Sales Price
$880K
ROI on Sale
ROI on Sale
54.64%
About this opportunity
**UPDATE**
The condition of this property was quite reasonable when we purchased it, but we saw the great potential in the size of the block of land it was sitting on!
After doing a small tidy up on the existing house and getting the subdivision processed, we were able to sell the house and the vacant section within a 6 month turn around.
Before Image gallery **update photos**
After Image gallery **Update photos**
Financials
Deal Numbers:
| Purchase Price | $600,000 |
| Renovation/Building Cost | $121,361 |
| All other costs | $55,628 |
| Sale Price | $880,000 |
| Profit (Post GST) **check** | $103,011 |
| Raw ROI | 54.64% |
| Term | 6 months |
Total Investors for this deal : 5 ($450,000) ***UPDATE***