The Success Story of 12 Lanaba Street, Crace ACT

Introduction

In the heart of Crace ACT, lies a testament to the power of visionary investment and strategic development. 12 Lanaba Street is not just a property; it’s a beacon of the transformative potential within the real estate market. Purchased for $525,000, inclusive of land and construction costs, this property embarked on a journey that culminated in a sale price of $739,000, just 18 months post-completion. Today, its valuation stands at an impressive $1.1 million, a figure that speaks volumes about the foresight and execution behind its journey.

The Client Brief

Our client approached us with a clear vision: to identify and capitalize on a property with untapped potential. With a budget set for land acquisition and construction, the goal was to create a home that not only met market demands but exceeded them. Xpand Property was tasked with making this vision a reality, ensuring every step, from purchase to sale, was meticulously planned and executed.

The Strategy

The strategy was straightforward yet ambitious. We targeted Crace ACT, a location we identified as having significant growth potential. The focus was on creating a property that would appeal to a broad market segment, emphasizing modern design, functionality, and sustainability. By managing construction costs effectively and keeping a pulse on market trends, we were poised to maximize profitability upon sale.

The Outcome

The outcome was nothing short of spectacular. Within 18 months of completing construction, 12 Lanaba Street sold for $739,000—a testament to our strategic foresight and commitment to quality. Today, valued at $1.1 million, the property stands as a shining example of strategic investment and the value of professional guidance in real estate.

Conclusion

The story of 12 Lanaba Street is more than a success story; it’s a blueprint for potential investors and homeowners. It underscores the importance of vision, strategic planning, and execution in real estate investment. At Xpand Property, we pride ourselves on transforming visions into tangible value, and this property is a beacon of our commitment to excellence.

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