Unique Duplex Development Opportunity in Heresford Crescent, Calala, NSW 2340

Discover the perfect investment opportunity with this unique duplex development located in the serene Heresford Crescent, Calala, NSW 2340. This property is designed to offer modern living and exceptional potential for capital gain.

Property Features:

• Location: Heresford Crescent, Calala, NSW 2340
• Type: Duplex Development
• Homes: Two 4-bedroom, 2-bathroom, 1-car garage homes
• Living Area: Open plan living for each home
• Land Size: 877 sqm with separate titles upon completion

Special Features:

• Spacious open plan living areas
• Modern kitchens with quality appliances
• Individually landscaped gardens
• Outdoor entertaining areas
• Ample storage and parking

Investment Potential:

• Option to sell one home separately upon completion
• Retain both homes for potential capital gain
• Desirable location with strong rental demand

Subdividing Potential:

• Each home can be subdivided and sold separately for $665,000

Gross Profit and Uplift:

• Total Sale Price: 2 homes x $665,000 = $1,330,000
• Gross Profit: $1,330,000 – $1,023,900 (initial price) = $306,100
• Uplift per Unit: ($665,000 – ($1,023,900/2)) = $153,050 per unit

Past 5-Year Growth in Calala, NSW:

• The median property price for houses in Calala has seen significant growth over the past 5 years.
• The median house price is currently $665,000, with an annual capital growth of 13.5%.
• In the past 12 months alone, houses in Calala have experienced a 13.5% growth.
• The area has a strong rental yield, with houses currently yielding 4.5%.

Suburb Data from Realestate.com.au:

• Median House Price: $665,000
• Past 12 Month Growth: 13.5%
• 5-Year Median Price Trend: Significant growth from $330,000 to $665,000
• Median Time on Market: 57 days
• Buyer Demand: 649 buyers interested
• Rental Yield: 4.5%

Price: $1,023,900