8 Oakleigh Way, Morisset

by Dean Berman

This a fantastic example of a recently built house and granny flat which sold for $799,000 through Adrian Culpin and Stephanie Mason of McGrath.

The land was originally purchased in March 2016 for $234,950.

Council documents estimate construction cost at $415,000.

A total potential gross profit achieved through the building process before stamp duty, holding costs and agents commission could be around $140,000 or a 20% return.