Purchased September 2020 – Sold January 2021
49B Hillings St, Titirangi, Auckland
Purchase Price
Purchase Price
$630k
Achieved Sales Price
Achieved Sales Price
$915K
ROI on Sale
ROI on Sale
72.66%
About this opportunity
This was a simple flip deal with an estimated turn around of 4 months.
In a sought after suburb, in a great location. We were able to secure this deal well below the valuation outcome (in its original state), meaning we could have on-sold this in its original state. However, we were looking to add good value on this with a simple renovation.
This deal went to auction and have a look at the outcome – we were BLOWN away: https://www.facebook.com/watch/live/?ref=watch_permalink&v=557780265189862
Before Image gallery
After Image gallery
Financials
Deal Numbers:
Purchase Price | $630,000 |
Renovation/Building Cost | $61,000 |
Deposit and All other costs | $22,000 |
Sale Price | $915,000 |
Profit (Post GST) | ($202,000) |
Raw ROI | 72.66% |
Term | 4 months |