Recent Renovation Purchases

Property Location: Eastern Suburbs, Sydney

Renovation Details

Our clients were looking for a large modern family home in the area, but with a limited budget, needed to settle on a house that needed work. Armed with trade skills to utilise and an eagerness to roll the sleeves up, the renovation strategy suited them perfectly.

We came across a very solid double brick home on a large level block, located in a prestigious residential pocket. Having passed in at auction, and the end of the year fast approaching, we negotiated a great purchase price which allowed our clients surplus funds to spend on the renovation.

Our clients decided to sell after the renovation, to roll their funds into a larger home by the beach.

Works Included:

• Removed wall to create open plan living
• Opened up rear to connect to large backyard
• New Kitchen
• New timber floors
• New bathrooms, creating an ensuite off the main bedroom
• Extra parking space added
• Refurbished pool
• Landscaped back/front yard
• Rendered exterior
• Painted inside and out

Purchase price – $1,170,000

Renovation cost – $150,000

Sale price after renovation – $1,615,000