Recent Renovation Purchases

Property Location: Darlinghurst

Renovation Details

Our client was keen to start on their investment journey and buy their first investment property.

They felt confused and overwhelmed with all the conflicting advice available.

Having spoken to a few property investment companies, they were still uncertain on how they should proceed.

They approached us and decided we would be best placed to assist them.

They hoped this purchase would be the first of many, so it was critical that their first investment would perform well, and allow them to leverage into more.

Our clients were able to make some strategic cosmetic updates to convert a tired and neglected property into a refreshed and inviting place to live in.

Works Included:

• Painting internally
• Update kitchen benchtop
• Polish floorboards
• Other minor repairs

Purchase price – $655,000

Renovation cost – $8,500

Market value after renovation – $700,000 - $730,000

Rental return before renovation – $500 per week

Rental return after renovation – $600 per week

Buyer's Comments

“Having Frank Russo on our team was the best decision we could have made.

Within a week, we purchased our first investment property in an outstanding CBD location well within our budget.

We're convinced that this property would have been well beyond our reach if it weren't for Frank's fantastic negotiating skills.

He was always quick to respond to any questions we had and his advice was invaluable.

Highly recommended”

Robert

First time Investor