EP. 1121 - Building a house on a 268m2 block… Tale of the Sale

What if you found a goldmine in the realm of real estate development, just waiting to be explored? That's exactly what we're unpacking with our guest, Michael Siljik, in our stimulating conversation about the sale of a 24 Oliver Street property. Discover the remarkable possibilities of a 268m2 block that was once a part of a larger land parcel. Get a grip on the intriguing narrative behind this size shift, how it promotes unit and townhouse living, and how it might be the perfect spot for a two-story house or apartment. Brace yourself, as we reveal the potential return on investment after developing and selling this block. Ever been curious about combined development, and how it could maximize your profit? This episode is designed just for you. We journey through the intricacies of combined development, paying considerable attention to the role of careful planning and negotiation. Learn how these factors can skyrocket the value of your property. Moreover, we present an interesting twist - a proposal from a buyer for an option agreement. We share insights into these often ignored strategies in property buying. This is more than just a podcast episode; it's a masterclass in understanding the complexities of real estate investment and development. You don't want to miss out!