Recent Renovation Purchases

Property Location: Bondi, Sydney

Renovation Details

Our client was a first home buyer to find a property that they could afford and that they could also add value to.

We located an apartment in a popular central location, that had solid bones but was very dated.

We saw the opportunity for cosmetic renovations and to add another bathroom which is always a certain to increase the value of a property.

Works included:

• New ensuite
• New ceilings
• New bathrooms and added an ensuite
• New kitchen
• Relocate laundry
• New lighting and styling
• Balcony paving

Purchase Price - $900,000

Renovation Cost - $110,000

Sale Result - $1,575,000

Rental return before renovation - $600pw

Rental return after renovation - $1000pw