For the very first time ever, Capital Value International Group would like to present a masterpiece development coming soon for the market. A quick story to update our loyal customers and clients of what we have been up to.
The initial property featured an old 4-bed fibro house with a massive 26 metre frontage. There was a lot of asbestos, big trees and unlevelled land from the old house. However, there is intrinsic value in the land itself. It was ideally located within a 15 min walk to the train station, 5 mins away from the newly-built M5 Riverwood ramp, plus there was a major transformation plan for the area, including a growth corridor by the state government. Its position in a prestige suburb convinced us to proceed with the project. Our vision is always to maximise the value of the land, so there was a lot of planning, study, negotiation, time and thought poured into the project.
There are at least 26 steps to go from a raw site condition to a finished product (ready for market). At least 11 teams worked together to achieve the vision of the project and make it a reality. The estimated time and costings of each work was close to perfect due to our deep understanding of the site’s feasibility. We have a good system and tools in place to support the implementation of each step.
Building from scratch requires a lot more skill, creativity, experience and understanding of the local market. That’s why building from a raw site is called developing (lifting) the land value to achieve its maximum potential – and is undertaken by a developer of properties.
For instance, the below breakdown details of the project. The purpose of this is to update our customers and keep them abreast of the products that will soon be coming onto the market.
The above picture is the artist impression of the facade and living area of one of the properties. The project is located in Peakhurst, New South Wales. Each of the new homes consists of 5 bedrooms, 3 full bathrooms and 3 living areas. The design and layout of each home is different to maintain the uniqueness of each house. Quality luxurious finishes are carefully selected in details to be aligned with current generation lifestyle in the area.
- Property was bought for $930,000
- Construction cost was $1,100,000
- Subdivided into 2 Torrens title lots
- New estimate of completed product is $1,600,000 for each dwelling
There are many opportunities to build with forced capital appreciation, but only a few that are on the money. With expertise, knowledge and skills built from almost 10 years in the industry, CVIG has brought this raw site into a successful and profitable project. Currently, we are working with our team on the next project with an estimated project value of $4 million. If you have the same passion about creating a project portfolio, please contact email@example.com and start building a successful journey together.
Capital Value International Group