DEVELOPMENT PROJECTS
This shows the functional laundry and pantry combination in residence 1 and 4.
EDWARDSTOWN
4 terrace row dwellings
We recently purchased this 960m2 duplex site in January 2022 and have started the council approval stage to build 4 terrace row dwellings. The property is in a great location 5 minutes from a train station and 13 minutes drive to the CBD. This project is expected to take 15 months for approvals and will be sold as House and Land Packages.
GRANGE
2 high end homes
Purchased with a 6-month delayed settlement this property is in the fantastic beachside suburb. With construction starting in September 2022 we expect to have the finished product on the market by the end of 2023.
FULHAM
2 Spec homes
Our purchase has just settled in August 2021. The site is 700m2 with great potential in a fantastic suburb that is already showing fantastic growth. Set to build 2 higher-end homes on Torrens title lots with sales prices estimated to be $1.2-1.3M on completion.
PAYNEHAM
High-end duplex site
The project is in the sort after suburb of Payneham close to the Adelaide CBD. This 660m2 block with wide frontage will be perfect for 2 high-end double-story homes. This is planned to commence construction in November 2021 with a targeted sales price of $1.2M each.
POORAKA
3 villa site
This client owned a corner block in northern Adelaide and knew it had development potential. They contacted Alpha Squared for a Joint Venture project to add value. The plan was to sub divide the block into 3 and build 3 mid-size 3 Bed 2 Bathroom houses. This will gross approximately $170,000 in project profit over 9 months.
HEDDON
GRETTA
3 bedrooms 2 bathroom house
We saw great opportunity in an up and coming part of the Hunter Valley to purchase land at $186,000 and develop the block. With a build price of $290,000 and value $550,000 after completion the property rented out quickly at $450 per week.
