Connect with us

Local News

Family resells rundown house for $400k more than they paid 10 months ago

Published

on

39 Kulgoa Ave, Ryde sold for $1.71 million.


A family of home sellers in Sydney’s northwest have pocketed nearly $400,000 profit over just 10 months despite doing close to nothing to improve their rundown property.

The sellers had snapped up the Kulgoa Rd house on a dilapidated 484sqm block for about $1.32 million in August and resold it last week for $1.71 million.

The family’s original plan was to knock the house down and replace it with a modern build but they had a change of heart and decided to resell it, according to the agent.

MORE: Inside Karl Stefanovic’s waterfront mansion

Labourer buys 26 homes with same trick

How much average Aussie has in bank

They had sought development approval for a single level house on the block…



Click here to view the original article.

Continue Reading
Advertisement

Trending

You might also like ...

Buen Taco by QBF, Sydney
Sydney man Aude Alaskar died ‘suddenly’ at home from COVID-19