Property Location: Bondi, Sydney
Our repeat client was looking for an Eastern Suburbs apartment they could add value to, in a convenient beachside location.
We sourced an Off Market opportunity in its original condition. This was an apartment the owners had held the property since it was built almost 50 years ago.
The large laundry adjacent to the main bedroom was an opportunity to add an ensuite, and the kitchen was blocked off.
It was clear that an open plan design would definitely create a better living space, and take advantage of the North-Western aspect and outlook.
We negotiated the purchase prior to any other buyer even knowing about the opportunity, and without any competition driving up the price.
Purchase Price - $1,000,000
Renovation Cost - $95,000
Sale Result - $1,504,000
Rental return before renovation - $550
Rental return after renovation - $1000pw
Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
