6 Sanderson St, Yarraville
This a lovely example of a profitable duplex project which took 2 years to complete in Victoria.
Originally purchased for $890,000 in August 2016.
I would estimate the construction cost at $650,000.
6 Sanderson St, Yarraville sold for $1,034,800 in March 2018.
6a Sanderson St, Yarraville sold for $1,157,500 by Gerard Hannan and Samantha Styles of Compton Green in December 2018.
In total the project achieved a total gross realisation of $2,192,300.
I estimate the project achieved a gross profit of $650,000 excluding stamp duty, council contributions, holding costs and agents commission.
.This is an estimated return of approximately 42%.