PROJECT 7: BURWOOD
This double story house located in Burwood was purchased for $640,000 in 2011.
Although we did not make any changes here we had sold the property 2 years later making a profit of clost to $69,000 – the suburb where this property is located in has seen market value growth since the purchase of the property.
- The purchase price was $666,199, comprised of a purchase price of $640,000 + fees $26,199
- The total project cost was $0
- The property sold in 2013 for $735,000
- The property profit was $68,801
