72 Roberts Street, West Footscray
The Little Fish strategy team identified 72 Roberts Street, West Footscray as a development investment opportunity after it was passed in at auction. It was determined to be perfectly aligned with the high performance Little Fish return on investment business model.
Moving forward with the opportunity we were able to successfully acquire the property for our investors with a pre-negotiated six-month settlement term. These advantageous terms provided ample time to complete the Design and Town Planning process as well as secure a building contract – all before a single mortgage payment was due.
In this particular instance, Little Fish identified an opportunity to build two unique single storey properties located only 18 minutes’ drive away from the Melbourne CBD, with five primary schools within a 2km radius.
Our end-to-end detailed approach to custom design specifically outlines features, fittings and materials. We worked closely with our builder in the design process to ensure a cohesive transition between the design and construction process allowing us to build beautiful homes for our buyers all at a significantly reduced construction cost maximising the return on investment.
The 640m2 block comfortably allowed for the development of two turnkey, three bedroom/ two bathroom single storey homes, complete with a lockup garage, alfresco patio and private backyard – something rarely found in and around these parts of the inner west.
By building low set, modern, fresh and affordable homes, we assured fast ‘off the plan’ sales due to this limited supply in the area. This in turn opens the marketplace up to young working class families looking to buy new homes within close proximity to the world’s most liveable city.
Both properties were sold shortly after demolition of the original house, the first before the concrete slab for our new development had even been poured and the second not too far after that.
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