Case Study – Sellicks Beach, SA

Case Study

Sellicks Beach, SA – BLOCK OF LAND TO BUILD

The Brief

Sellicks Beach, SA

SA Buyer – Looking to build a house in Sellicks Beach, find a block of land. Budget $220 and $200 for the house.

PARTNERSHIPS

Worked with clients broker. Introduced & met with Builders,

PRICE

Purchased the 400m2 block of land Off Market for $220k.

House was built for $195k, utalising covid build grant and a negotiated discount from the builder.
Pool, deck, pergola, rainwater tank and garden was added a year after build (project managed this renovation) of $113k. Total spend $508k

PROPERTY DETAILS

Purchased a 400m2 block on one of Sellicks Beach’s best streets, across the road from the ocean. House has ocean views and a 1 min walk and your are in the ocean.

TIME FRAME

Offer accepted 45 days after engagement.

90 day settlement.
Build time 35 weeks.

SOCIAL RESPONSIBILITY

Donated one nights stay to Catherine House, ensuring a safe bed, nutritious meals, and access to medical care for a woman experiencing homelessness.

Outcome

Capital Growth:

Over the past 3.5 years, the value of the property I purchased for $508,000 has grown to $1,050,000. This represents a substantial increase of $542,000, translating into an average annual growth rate of approximately 30.48%. This impressive growth highlights the strong potential for capital appreciation in the right market and reinforces the value of making well-informed property investments.

Key Takeaways

Off-Market Purchases

This outcome highlights the benefits of purchasing off-market properties, which often offer less competition and more room for negotiation. By securing an off-market deal, I was able to obtain this property at a favorable price, contributing to its impressive growth and value increase over time.

Location:

The prime location of this property, situated directly across the road from the ocean, played a pivotal role in its significant capital growth. Location is a critical factor in property appreciation, and choosing a desirable area can significantly enhance the investment’s potential for long-term returns.