About The Project
This Bronte block was acquired with an existing DA—four dated one-bedroom units with sunrooms and plenty of untapped potential. We stepped in to rework the design and elevate the project, transforming the concept into four luxury three-bedroom residences, each with ocean views and parking. With a $6M purchase price, a $3.5M build cost, and a projected end value of $15M, this is a textbook example of strategic repositioning and significant upside.
Block of units with upside
- Suburb: Bronte
- Purchase Price: $6,000,000
- Purchase Date: 2022
- Construction costs: $3,500,000
- Projected Construction time: 18 Months
- Projected Valuation: $15,000,000