Buy & Hold

47B Hillview Ave, Mount Waverley

by Dean Berman

Approved as a two lot subdivision by Monash Council in Victoria in December 2013.

Built in 2016 on 302m2 of land.

Similar sized properties generally cost around $300,000 to build.

Originally purchased for $425,000 in December 2013.

Sold for $1,320,000 by Natasha Deagan and Charlie Darlow.

Potential gross profit could surpass $400,000 excluding stamp duty, holding costs and agents commission.