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 and we helped unlock more value than first thought possible.
Tom's Real Plans
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.
Tom's Real Survey
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Sure, he could have sold the new allotments on the market then but instead with our guidance he is set to transform his retirement plans. He is now getting 3 new homes built out which he will easily achieve valuations of over $700,000 for. He is now planning to sell one of the new homes to recover a significant portion his costs, keep the second as an investment property to support himself in retirement and lastly the third home will be his daughters first home. The kind of help he thought he would never be able to provide. Stoked with the progress and the support he received, Tom is already contemplating future collaborations with Gambit. While his immediate focus is on completing the current development, he envisions potentially purchasing another property for subdivision, further solidifying his retirement nest egg.
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