Purchased March 2021 – Sold October 2021

111 Albert Street, Gladstone, Invercargill, NZ

Purchase Price

Purchase Price

$ 600k

Achieved Sales Price

Achieved Sales Price


ROI on Sale

ROI on Sale


About this opportunity


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**


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***