Offer
12 Warana Way, Mount Eliza, Victoria
Capital Required
Capital Required
$ 300k
Capital Profit
Capital Profit
$ 12,5k per 100k
ROI
ROI
10% pa
About this opportunity
With the property already secured this project has significant momentum and we aim to commence demolition and construction imminently.
We aim to construct 2 x 4 Bed, 3 Bathroom Townhouses, on the 791 sqm block of land, which will be sub-divided to 2 single titles.
We estimate the project to be completed within 12 months. (With a planned contingency of up to 18 months)
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Financials
| Sales | $3,700,000 |
|---|---|
| Purchases | $1,250,000 |
| Construction Cost | $1,100,000 |
| All other costs | $479,550 |
| Profit (post GST) | $791,318 |
| Raw ROI | 30.67% |
| Term | 15 months |
| Annualised ROI | 24.61% |
Property Investment Summary
Market
Mount Eliza
The median property price for a house is $1,750,000 with annual capital growth of 4.85%.
There were 309 house sales in the past 12 months.
On average, houses spend 27 days on market.
Houses have seen 0.00% growth in the past quarter, and 4.85% growth in the past 12 months.
The size of Mount Eliza is approximately 23.4 square kilometres. It has 39 parks covering nearly 5% of total area. The 2023 population forecast for Mount Eliza is 18,722, and is forecast to grow to 19,747 by 2036. The predominant age group in Mount Eliza is 40-49 years.
Households in Mount Eliza are primarily couples with children and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Mount Eliza work in a professional occupation. In 2021, 89.6% of the homes in Mount Eliza were owner-occupied compared with 88% in 2016.
