Project Fern

Overview

Project Fern involved the subdivision of a corner block in Fern Bay, NSW, where we successfully built a residential duplex. The property backs onto sand tracks leading to the beach, providing a unique selling point. The client, who has decided to hold the property long-term, even joked about using the garage for dune buggies when renting it out.

With a completion market value of $1.8 million, this project was a significant success, delivering a 42% return on investment. The project was funded with an 80% LVR using retail funding, and the construction timeline was 14 months.

Main Features
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STRATEGIC SUBDIVISION:

1 into 2 subdivision of a corner block.

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BEACH ACCESS:

Duplex backs onto sand tracks leading directly to the beach.

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LONG-TERM HOLD:

Client has chosen to hold the property for long-term rental income.

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HIGH ROI:

Achieved a 42% return on investment.

Project Snapshot
LOCATION
Fern Bay, NSW
TYPE
Residential Duplex
COMPLETION DATE
Jun 2021
MARKET VALUE
$1.8 million upon completion.
ANNUAL RENTAL INCOME
$100k
TENANCY RATE
SIZE
1 into 2 subdivision of a corner block
Commercial Summary
Return on Investment (ROI)
58%
Funding Structure
80% LVR using retail funding.
Exit Strategy
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Development Details

PROJECT TEAM:

Town planners, Architects, Builders, Civil Engineers, Private Lender

TIMELINE:

15 months

LOCATION HIGHLIGHTS
  • Beach Access Directly Opposite Property
  • The project is strategically located near amenities within a highly desirable area for renters and owners
  • Significant Equity Uplift
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