https://www.youtube.com/watch?v=dT1g3o1ROHs

This Overlooked Build Delivered $266K in Equity, Instantly

In this week’s episode of Peter Kelly Property we unpack a recent dual occupancy project in Geelong that’s flown completely under the radar and that’s exactly the point.

This build made $266K in equity, delivered 60% ROI, and will be positively geared from day one yet almost no one is talking about this type of deal.

We’re talking about a single-level dual occupancy.
No common property. No stairs. No overcapitalising.
Just two comfortable, three-bedroom homes with strong street appeal, on separate titles, built for efficiency and broad market appeal.

It’s the kind of build that downsizers love, renters jump on, and most developers overlook because they’re chasing max yield, max density, or overcomplicating the play.

We secured the site for $830K off-market, locked in a smart single-storey footprint thanks to the new six-metre front setback, and avoided demo costs by selecting a raw land site.

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What You’ll Learn

  • How the deal came together in a tight school zone
  • Why the new planning regs made this block viable
  • How we avoided overcapitalising and still built appeal
  • The exact uplift, rents, costs, and build metrics

If you’ve ever thought about developing but didn’t think you had the budget this is the episode to watch.

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