Two Semi-Detached Properties On One Title Were Subdivided To Make Two Torrens Titled Properties.

This property was built circa. 1910. It needed a bunch of work but behind the green and cream was the opportunity to split the two properties into their own titles.

Combine this with renovating both sides, there was a huge equity gain!

The Figures

• Purchase price: $525K

• Subdivision & Fire Wall: $50K

• Renovation Costs: $80K

• Value After 1 Year: $1.02m

Value After 4 Years From Bank Valuations: $1.275m up to $1.6m!

Potential Equity: $600K - $925K