Tom's
Story
From this 1962 Old Brick House Now, $200,000+ of additional equity
and retirement security
Real Photo of the house
Tom’s Path to Retirement Security Through Land Division
Tom, our client, had a lackluster retirement staring him down the barrel & without much super. The greatest asset he had was a property in Morphett Vale that had seen better days. He knew there was value in his land but didn’t know where to start. Tom, through a mutual friend, started talking with Gambit Development group and we helped unlock more value than first thought possible.
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It started with an initial consultation where we provided him a comprehensive overview of what could be done, how much it would cost and how long it would take.
Toms goal was clear, get the most value out of this run-down property as possible.
His plan was to divide the block into 3 allotments and sell the land. We helped him successfully get an approval for 3 new allotments achieving a value of at least $200,000 of additional equity (above what his old house was originally appraised for.
Once the division was approved, we suggested that there was a lot more value to be acquired in the building of three new homes. Originally this was not his plan but he later realized that brand new homes in the area were selling for over $700,000+ now
Toms daughter had also been struggling to get out of the brutal rental market and into her first home. This was an opportunity to provide for his kids.
Instead of selling the new allotments right away, Tom followed our guidance to reshape his retirement. He’s now building three homes valued at over $700k each selling one to cover much of his costs, keeping another as a rental for steady income, and gifting the third to his daughter as her first home. Thrilled with the progress, right strategy in place and support, Tom is already eyeing his next subdivision to further boost his retirement security, through our strong relationship.
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We make it possible and profitable.
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