Glenorchy, TAS
Build-at-the-Back Strategy with Manufactured Equity
Purchased: $595,000
Rear Build: $400,000
Front Renovation: $40,000
Projected End Value: $650K+
- Purchased below suburb median with strong land fundamentals
- Renovate existing dwelling to improve value
- Create second income stream through rear dwelling
Purchased at $595K, this Glenorchy acquisition follows a value creation strategy rather than a traditional buy-and-hold approach.
The existing home will undergo a targeted front renovation before introducing a second dwelling at the rear.
The planned rear build is designed as a 3-bedroom, 2-bathroom residence, creating a dual-income configuration and unlocking additional value.
One block.
Two assets.
Equity created through execution.