Buy & Hold

18 Rupert St, Katoomba

by Dean Berman

Originally purchased for $100,000 in November 2013.

Built in 2014 on 660m2 of land.

Estimated construction cost of work according to Blue Mountains Council was $320,000 for the 4 bedroom, 2 bath and 1 car space home.

Sold for $620,000 by Peter Torok of Ray White.

Meaning a gross profit above $150,000 excluding stamp duty, holding costs and agents commission.

My favourite bit of the property has to be the exposed bricks in the living room, contrasting against beautiful wooden floors and open space.

Original Land on a fairly steep site in 2013