4/74 Bentons Rd, Mount Martha
This is a great example of a 4 townhouse development in Victoria.
The site was originally purchased for $475,000 in February 2010.
1/74 Bentons Rd sold for $620,000 in September 2016.
2/74 Bentons Rd sold for $675,000 in October 2016.
3/74 Bentons Rd sold for $665,000 in November 2016.
4/74 Bentons Rd sold for $730,000 in December 2018 by Andrew Jones of Ray White.
The total sale price of the development was $2,690,000.
I would estimate the total cost for the combined construction of this project to be upwards of $1,200,000 excluding stamp duty, holding costs and agents commission.
The total potential profit could be upwards of $1,000,000.
I like the facade and wooden floor boards.