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If there is room for a granny flat or subdivision, I love corner blocks. Otherwise - no.
I love corner blocks. Here is what I am currently doing with an 868 sqm corner block. About $500k profit for 2 additional townhouses.
That is fantastic Matt! Well done.
$500K profit is a great return. Would you mind sharing how much you paid for the site?
Paid $352k for the site about 2.5 years ago. Its in Gladstone. Each townhouse is 4 bed, 3 bath, 2 living and will rent for $1,000 per week, fully furnished. Gives about a 16% yield on the cost of building the townhouses
I love corner blocks. Here is what I am currently doing with an 868 sqm corner block. About $500k profit for 2 additional townhouses.
How is that a corner block?
Well the poster probably bought a corner block, kept the front house, subdivided the back of the block and built 2 townhouses..