Singleton - Hunter Valley
Some Investments really stand out
We even impressed ourselves with providing a better than 60% return….
all within a 3 months!
Money Pit or Money Maker?
Due to extensive Fire Damage we are able to purchase this Three Bedroom Fibro House on 650sqm at below market costs and realise a return on the investment with-in 3 months.
Applying the Encompass Investment Solutions formulas, we found the opportunity and saw the potential.
This is where experience counts. Do you know the difference between a money maker or a money pit?
With our extensive knowledge and skills, we did the required leg work to get a realistic budget together for rectification works, we knew if the purchase price was right this could be a very lucrative investment.
Knowing the amount of Capital needed is a crucial factor in any investment. We had a good idea of the additional funds that we would be required for this unique opportunity. We set the goals and went to the Auction armed with the necessary information to purchase effectively!
On the Day of the Auction, We were able to secure the Property for $134.000
Over the next 8 weeks, A full strip out and renovation from top to bottom was conducted
- This Included
- new aluminium windows
- internal and external doors/frames/trims
- electrical cabling and fittings
- gyprocking
- Bathroom
- Laundry
- Kitchen
- Roof repairs
- Painting
In total the renovation cost $39,800.
Paid $134,000
Spent $ 39,800
Revised Value: $280,000
With the revised valuation $116,600.00 in available equity could be released as CASH!