Murray Bridge Rear Block Cut Off

[jim1964]

Bump........................................The Finish.

The Good !!!!!

1) The new block was valued at $80,000

The Bad !!!

Costs.

Surveyor $4125
SA Water $15673.52
DAC Open space fee $6488
DAC Land Division $1239.70
Original Surveyor (who i sacked) $550
50% Fencing Cost $1618
Converancer 50% (Private Sale) $1370

TOTAl Cost Being $31,064.22

SOLD for $80,000

50% Selling Fees $1300
For Sale By Owner $99
Sub Division Costs $31,064.22

$80,000
Minus $32,463.22

PROFIT $47,536.78

 

[jim1964]

Ok,not a huge profit,but 2 to 3 of these a year...................................................


THE END

 

[pier1]

Awesome, seems to be a no fuss deal. I would take $47k over a poke in the eye with a hot poker any day. Congrats well done.

 

[Brady]

Did you have the existing property revealed?

Most cases find that the existing property would loose value having a chunk of it land taken.

 

[Erica]

and completed in 12 mths, well done

 

[jim1964]

Most cases find that the existing property would loose value having a chunk of it land taken.

There was a small value loss of the existing properties identified in the new Vals,but the bank were happy to release the title to me,and not retain it for further security.I have calculated the loss will be made up within the next 6 months.

 

[SamL]

Great work. Yep do a couple of those a year and it's not a bad little earner.

 

[jim1964]

This is the end result.

This is the End.