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