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