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Posted: 2019-07-18 05:00:00

Looking for your next project? This one has been half completed.

IT’S one thing to buy a blank canvas, but another to buy a half-finished attempt at building a luxury house.

A rare offering in Tallai has just hit the market and isn’t a standard property.

The 2.92 ha block at 189-207 The Panorama features an architecturally-designed, three-level home that is only half built.

But to sweeten the deal, the buyers of this property will also get a completed three-bedroom home and shed as part of the package.

A $1.66 million price tag has been assigned for the lot.

189-207 The Panorama, Tallai, is a three-in-one real estate offering.

The half-built house needs its “finishing touches.”

“A once in a lifetime opportunity has arisen for new owners wanting to put their finishing touches on their new home while residing at the property or rent the existing house for an estimated $800 per week,” the listing says.

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Overseas commitments meant the current owners were unable to finished building the new residence.

Its design featured six bedrooms, two ensuites, two bathrooms and two powder rooms as well as luxury additions such as a wine cellar, home theatre, pool and gym.

It was designed to have high energy efficient standards with solar and also offers impressive views of the Gold Coast skyline across a 715sq m floorplan.

This completed house is also part of the package.

The owners could live in it while completing the other house.

“The current owners are unable to finish construction themselves, this provides a unique opportunity for new owners to select their own fixtures and finishes and make any other required adjustments to the home before it is finished,” the marketing said.

“Alternatively, all selections originally made by the current owners are available to you with the rest of the documentation.”

City views are on offer from both houses.

It’s difficult to calculate the cost of building a home, however in June 2018, the Australian average was $1270.80 per sqm, according to the Australian Bureau of Statistics (ABS).

This figure does not include a design, planning permit, site works and unexpected costs.

At this figure, if the house was at the halfway mark it would cost less than $500,000 to complete.

However, architecturally-designed properties at the higher end of the market can blow out to the millions.

The triple treat is on the market through Robert Boyle of Landlink Realty Southport.

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