Instant Equity Opportunity in Melbourne
North Melbourne, 16km to CBD
312House
Desktop valuation $730,000
Purchased price $565,000
Purchased when
Rental price $510
Land size 602m2
This property was purchased on behalf of an interstate investor. Leveraging our strong relationship with the agent, we swiftly secured the property, delivering an impressive immediate equity gain of $165,000 for our client, based on its desktop valuation of $730,000.
Conveniently situated near a train station, this property presents outstanding development potential for townhouses and requires only minimal renovations to make it rental-ready.
Latest update: 12/2024