Couple’s Seventh Bend land grows $100K in value in less than two years
- Help & Advice
Ajay and Ruchi Kumaar bought land at Seventh Bend about 18 months ago. Keen to join a thriving community and establish a home in a high-growth area, the couple chose the area for its lifestyle benefits and investment value.
“Melton is a home to us,” Ruchi commented.
“We have been in Melton since 2011-2012. We didn’t want to live anywhere outside Melton,” she added.
The couple could not have anticipated how much growth they would see on the value of their land over such a short time owning it.
“We bought one and a half years ago for about $315,000 and now the land value is up about $100,000 to about $415,000,” Ajay said.
The couple has experienced this equity growth even before moving into the property.
“When we went to the bank to get our loan, the bank valued the land at much more than we expected. The land value has grown so much,” Ruchi added.
The block of land at Seventh Bend is 448m2 which was originally priced at $315,000 while similar blocks are currently selling for over $420,000.
“We’re lucky we invested in this area,” Ruchi said.
However, investors looking to purchase land with high value growth potential have not missed the opportunity to secure this at Seventh Bend.
Newly added to the greater Metropolitan area of Melbourne and with significant population growth projected, the area is currently showing no signs of slowing down in terms of its land value growth potential.
To talk to the team about land available at Seventh Bend and how you might be able to experience similar great results from your property purchase, just leave your details below and we’ll be in touch!
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