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
