By Brittany Chain For Daily Mail Australia
Published: 00:27 BST, 13 May 2019 | Updated: 00:34 BST, 13 May 2019
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A shrewd investor has made a $1.2million profit by selling a three-bedroom riverfront home less than 18 months after he bought it.
The post-war house in Bulimba, Brisbane, was snapped up for $4.2million, but has since sold for $5.4million.
The property, on a 1012sqm block of land on Quay Street, rocketed in value after the seller gained permission for its new owner to knock down the home and start from scratch.
It only took four weeks to sell, making the owner a profit of $1,175,000 in 17 months - or $70,588 per month he owned the home.
A three-bedroom riverfront home has sold for $5.4 million, less than 18 months after the owner purchased the property for $4,225,000
It sold within four weeks, making the owner a profit of $1,175,000 in 17 months - or
