Recent Renovation Purchases

Property Location: Bondi Junction

Buyer’s Scenario

Our client was looking for a project to renovate and add value to.

They wanted to purchase something in the Eastern Suburbs, with scope to renovate and in a highly desirable location to ensure maximum return on investment.

We were looking at terraces and semis in the area, and we uncovered an Off Market opportunity with an abundance of potential.

This home was a rare find as it was very close to the conveniences of Bondi Junction, yet tucked away in a very quiet location.

It was the north facing aspect and rear lane access along with the character façade, that gave this project plenty of opportunity to add value to.

With our clients ROI front of mind, we negotiated tirelessly to secure the property within budget.

The purchase was a great result for our client!

Works included:

• Adding a 3rd bedroom
• Opening up a lower level
• Adding an ensuite and upstairs bathroom
• Adding storage space in attic
• Creating parking

Purchase Price - $1,700,000

Renovation Cost - $550,000

Sale Result - $3,150,000

Rental return before renovation - $600pw

Rental return after renovation - $1700pw