Following an exhaustive search leveraging off many local relationships, this 2,800+m2 development site with enormous potential was purchased by the Adviseable team for some very happy investor clients. Situated in an inner northside pocket of Bendigo, this highly sought after property was one of the last remaining in the area yet to be redeveloped.
With some careful planning and savvy, the charming period home on site can be renovated and retained, with the block sub-divided into 5 separate lots with 4 new homes constructed. The completed project will deliver some significant equity upswing and serious cash-flow!
Originally listed for over $100K above our ultimate purchase price of $430K, extensive local market insight, a firm handle on true market value, deft negotiation (and also a bit of patience), were instrumental in getting this property bought at a great price!