This development project in Liverpool encompasses a 1,500 square meter site. We received approval for the construction of eight townhouses.
The land acquisition cost was slightly under $2.4 million, and construction expenses amounted to just over $2.6 million, excluding interest. The total cost, including stamp duty, was approximately $5 million. With each townhouse having a resale value of approximately $780,000, the total revenue generated was just over $6.2 million.
Disclaimer: This is not financial advice, past performance is not indicative of future results. you are required to do your research and draw your own conclusions on the profitability of a project. PM42 is not able to predict future market downturns or interest rate changes and can only act based on the information provided at the time. The project outlined in this article was managed by a contractor of PM42 and not the by company directly.
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