Subdivision

90 Gallipoli Rd, Carina Heights

by Dean Berman

An awesome subdivision project in Brisbane which has the potential to achieve fantastic profit.

The property was built by Ausbuild according to council documents.

Originally purchased for $850,000 in July 2017.

I would estimate construction with the pool at around $330,000.

The first subdivided house just sold for $1,186,000 by Will Torres of Torres Property.

If the second house can achieve a similar sales figure to the first, then I would estimate a potential profit above $500,000 without taking stamp duty, holding costs, DA costs and agents commission into consideration.

I think the house design is beautiful and embraces modern living to the finest. I’m a big fan of this build and project.

Original house and pre-subdivided land size of 1,012m2
Original house
New living room
New kitchen
New tv room
New bedroom
New bathroom
New landscaped garden, alfresco and pool area