Duplex

6 Sanderson St, Yarraville

by Dean Berman

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%.

Original House – 2016