LOCATION, LOCATION, LOCATION... PROSPECT SA
Every now and then I hear about a development where the developer desperately needs to sell and is prepared to reduce the price substantially. Instant equity is always our goal for our clients!
This Development of townhouses in Prospect on multiple blocks of land is going to be spectacular, but the Developer needs to sell another 5 to get bank approval to construct them.
These are 3 storey, 3 bedroom (or 2 plus Study), 2 living areas, 2½ bathroom, large balconies and some overlooking a recreation park. (Council intend to upgrade this park)
The Price for the first 5 has been reduced to $470,000 and $480,000 (with park views).
Comparable properties in Prospect have sold for $550,000+
For an overview of these properties: