There were multiple offers on this property from a mix of home buyers and investors, but with insider info from the selling agent, we were able to submit an offer that the vendor couldn't resist - securing this amazing property for only $755,000.

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The property itself was a 4-bedroom brick and tile house on a large 701m2 corner block, meeting the minimum lot size of 700m2 for a dual occupancy within Campbelltown Council zoning. With existing tenants in-place, we were able to utilise this time (with a rental income) to come up with a suitable design for the new build and get all our approvals in-place.

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As our development was CDC compliant, it meant that we didn't have to go through Council to get it approved, saving us a huge amount of time and holding costs. Our CDC approval came through within 45 days, whereas Council's lead time was around 10-12 months.

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The house itself already presented well, however we decided to put some new life into it to achieve the highest possible sales price. This included new flooring, fresh paint, down lights, ceiling fans, a new vanity and shower screen in the bathroom, laundry fit-out, a new bench top in the kitchen, a carport, some landscaping and an exterior refresh (roof/gutters painted, driveway sealed and painted brickwork). A lot of this was also DIY, saving a large amount of cash.